secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2026-09-28T10:46:35+00:00
Accession:  0001140361-26-037763
Event type: m_and_a
Sentiment:  positive
Materiality: 0.72
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036126037763/0001140361-26-037763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036126037763/ef20082849_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-037763

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