FIP to acquire Wheeling & Lake Erie Railway for $1.05B cash; combine with Transtar rail platform

FTAI Infrastructure Inc.

Acquisition price $1.05B cash; expected to close into voting trust in Q3 2025 pending STB approval.
Financing: $1.25B new debt and $1B preferred equity from Ares Management funds to fund purchase and refinance existing 10.50% notes and Series A preferred.
Combined freight rail segment (Transtar + W&LE) targeted to generate ~$200M annual Adjusted EBITDA by end of 2026.
W&LE is Class II railroad with 1,000+ miles serving 250+ customers in OH, PA, WV, MD.
Company plans to discuss transaction on Q2 earnings call scheduled Aug 8, 2025.

item 1.01item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.