FTAI Infrastructure's Jefferson to buy USD Group's Port Arthur terminal and 50% DRU stake for $255M

FTAI Infrastructure Inc.

Enterprise value of ~$255M for the Port Arthur Terminal in Port Arthur, Texas, and a 50% interest in the Hardisty, Alberta diluent recovery unit (DRU).
Consideration financed by assuming ~$190M of existing DRUbit term debt plus a $72M Barclays-committed loan; purchase price is reduced by assumed debt outstanding at closing.
Acquired assets expected to generate ~$50M of annual EBITDA, more than doubling Jefferson's Adjusted EBITDA; Port Arthur handles ~50,000 barrels per day of crude arriving by rail.
Supported by a long-term take-or-pay contract with an investment-grade counterparty; a 12-mile, 24-inch pipeline links to P66's Beaumont terminal for Gulf Coast refiners.
Closing expected in Q4 2026 subject to HSR clearance and other conditions; Buyer owes Seller a $15.3M termination fee if it breaches or fails to close.

This headline and bullets were generated automatically by deepseek-v4.1-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.