FTAI Infrastructure Inc. (FIP): M&A transaction — FTAI Infrastructure completes $1.05B acquisition of Wheeling Corporation and secures $1.25B bridge financing

FTAI Infrastructure Inc.

Acquired Wheeling Corporation for $1.05 billion in cash, subject to customary adjustments, via subsidiary FIP RR Holdings.
Entered into a $1.25 billion 364-day secured bridge loan facility with Barclays as administrative agent, maturing August 24, 2026.
Issued 1,000,000 Series A Preferred Units and warrants to funds managed by Ares Management for $1.0 billion.
Redeemed all $600 million 10.500% Senior Secured Notes due 2027 at 105.250% of principal plus accrued interest.
Redeemed all 300,000 shares of Series A Senior Preferred Stock for approximately $447.1 million in cash.

item 1.01 item 1.02 item 2.01 item 2.03 item 3.02 item 3.03 item 8.01 item 9.01

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 credit facility of $1.25 billion with Barclays Bank PLC at Adjusted Secured Overnight Financing Rate, plus a margin of 4.00% per annum maturing August 24, 2026.

Instrument: credit facility
Principal: $1.25 billion
Counterparty: Barclays Bank PLC
Rate: Adjusted Secured Overnight Financing Rate, plus a margin of 4.00% per annum
Maturity: August 24, 2026
Event: incurrence

Exact text from the filing

the Company entered into a credit agreement (the “ Bridge Loan Credit Agreement ”) with BARCLAYS, as administrative agent (the “ Administrative Agent ”) and the lenders party thereto. The Bridge Loan Credit Agreement provides for a 364-day, $1.25 billion secured bridge loan facility (the “ Bridge Loan ”). The Bridge Loan will mature on August 24, 2026. Interest under the Bridge Loan will accrue at the Adjusted Secured Overnight Financing Rate, plus a margin of 4.00% per annum.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

FTAI Infrastructure Inc. completed an acquisition involving WLE Management Partners, L.P. for approximately $1.05 billion, subject to customary adjustments (closed 2025-08-25).

Action: acquisition
Counterparty: WLE Management Partners, L.P.
Consideration: approximately $1.05 billion, subject to customary adjustments
Closing: 2025-08-25

Exact text from the filing

wholly-owned subsidiary of Percy. The aggregate cash consideration paid in exchange for all of the issued and outstanding capital stock of Wheeling at closing was approximately $1.05 billion, subject to customary adjustments. A portion of the cash consideration was placed into escrow to secure any post-closing purchase price adjustment payment obligations under the

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10 debt financings filed in the last 30 days. Browse all debt financings →

FTAI Infrastructure Inc. filing history →

Source: SEC EDGAR

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