FTAI Infrastructure Inc. has entered into a new financing agreement through a Bridge Loan Credit Agreement, effective August 25, 2025. The agreement involves a $1.25 billion secured bridge loan facility with a maturity date of August 24, 2026. Interest on the loan will accrue at the Adjusted Secured Overnight Financing Rate, plus a 4.00% per annum margin. The company has committed to repaying the loan using proceeds from specific asset sales and other financial activities. The agreement includes customary covenants and security interests in the company's assets. This strategic financial move follows FTAI Infrastructure's acquisition of The Wheeling Corporation, enhancing its asset portfolio.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FTAI Infrastructure Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-032534), on August 25, 2025, and is solely responsible for the information contained therein.
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