FTAI Infrastructure Inc. (FIP) Form 8-K — Jul 2, 2026
FTAI Infrastructure Inc. announced that its subsidiary, Jefferson 2020 Bond Borrower LLC, entered into a $230.0 million secured bridge loan facility maturing on June 30, 2027. The loan carries an initial interest rate of Adjusted Term SOFR plus 5.50% per annum, with the margin increasing by 0.50% every 90 days, and was provided by lenders with Jefferies Finance LLC acting as administrative agent. The proceeds from the bridge loan were used to fully repay the $217.87 million in outstanding principal of the Taxable Series 2024B Bonds issued by the Port of Beaumont Navigation District of Jefferson County, Texas, which reached maturity on July 1, 2026.
Key figures
- Debt Amount
- $230.0 million
- Interest Rate
- Adjusted Term SOFR + 5.50% (stepping up 0.50% every 90 days)
- Maturity Date
- June 30, 2027
- Repaid Bond Amount
- $217,870,000
- Equity Contribution Cap
- $50,000,000
- Minimum Liquidity Requirement
- $20.0 million
Price after filing
Close on the filing date to close N calendar days later (from $4.44). Historical, not a forecast.
AI analysis
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