FTAI Infrastructure Inc. (FIP): debt financing — FTAI Infrastructure subsidiary issues $300M bonds and $100M term loan for Repauno terminal

FTAI Infrastructure Inc.

DRP Urban Renewal 4 issued $300M Series 2025 Bonds: $150M at 6.375% due 2035, $150M at 6.625% due 2045.
Senior secured term loan of $100M from Deutsche Bank at 8.50% cash (9.50% PIK) with 18-month maturity extendable.
Proceeds used to repay existing obligations; bonds are limited obligations of NJ EDA secured by project collateral.
Term loan includes a $6M letter of credit for debt service reserve; bonds priced at 99% of par.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

FTAI Infrastructure Inc. incurred term loan of $100,000,000 with Deutsche Bank AG, New York Branch at 8.50% per annum cash or 9.50% per annum paid in kind maturing 18 months from Closing Date, extendable in 6 month increments up to an additional 18 months.

Instrument: term loan
Principal: $100,000,000
Counterparty: Deutsche Bank AG, New York Branch
Rate: 8.50% per annum cash or 9.50% per annum paid in kind
Maturity: 18 months from Closing Date, extendable in 6 month increments up to an additional 18 months
Event: incurrence

Exact text from the filing

which provided for (i) the advance of senior secured term loans in an aggregate principal amount of $100.0 million

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Source: SEC EDGAR

accession 0001140361-25-021294

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