---
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"
generated_at: "2026-10-12T13:29:40.752041+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-037763
- JSON: https://secwatch.observer/filing/0001140361-26-037763.json
- Plain text: https://secwatch.observer/filing/0001140361-26-037763.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.