{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-037763","form_type":"8-K","ticker":"FIP","cik":"0001899883","company_name":"FTAI Infrastructure Inc.","filed_at":"2026-09-28T10:46:35+00:00","discovered_at":"2026-09-28T10:50:11.538612+00:00","generated_at":"2026-10-12T13:29:40.752041+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.72,"calibrated_materiality_score":0.72,"confidence":"high","headline":"FTAI Infrastructure's Jefferson to buy USD Group's Port Arthur terminal and 50% DRU stake for $255M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-037763","json":"https://secwatch.observer/filing/0001140361-26-037763.json","markdown":"https://secwatch.observer/filing/0001140361-26-037763.md","text":"https://secwatch.observer/filing/0001140361-26-037763.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1899883/000114036126037763/0001140361-26-037763-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1899883/000114036126037763/ef20082849_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:29:40.752041+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}