FIP subsidiary Repauno prices $300M port & rail bonds, plans $106M term loan

FTAI Infrastructure Inc.

$300M Series 2025 Bonds: $150M at 6.375% due 2035, $150M at 6.625% due 2045; closing May 28.
Concurrently, Repauno plans $106M senior secured term loan (8.50% cash / 9.50% PIK) to refinance debt.
Term loan matures 18 months from closing, extendable 18 months; secured pari passu with bondholders.
Bonds are limited obligations of NJ EDA, not state-backed; offered to QIBs/accredited investors only.
Term loan negotiations ongoing; no definitive agreements; bond closing not conditioned on loan.

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