FTAI Infrastructure subsidiary enters $230M bridge loan to refinance Port of Beaumont bonds

FTAI Infrastructure Inc.

Jefferson 2020 Bond Borrower LLC borrowed $230M secured bridge loan from Jefferies Finance LLC.
Proceeds used to repay $217.87M Taxable Series 2024B Bonds and fund $20M debt service reserve.
Loan matures June 30, 2027; interest at Adjusted Term SOFR + 5.50% stepping up 0.50% every 90 days.
Mandatory prepayment from asset sales, equity/debt issuances, and excess cash flow; minimum liquidity $20M.
Bridge loan is secured and constitutes Permitted Additional Senior Indebtedness under existing intercreditor.

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