secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001140361-25-021294
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure subsidiary issues $300M bonds and $100M term loan for Repauno terminal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125021294/0001140361-25-021294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125021294/ef20050005_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-021294

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