FTAI Infrastructure Inc. Files 8-K
Ticker: FIP · Form: 8-K · Filed: May 22, 2024 · CIK: 1899883
| Field | Detail |
|---|---|
| Company | Ftai Infrastructure INC. (FIP) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $35 million, $385 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, regulation-fd, disclosure
TL;DR
FTAI filed an 8-K on May 22nd for an event on May 21st. Check for Reg FD disclosure.
AI Summary
FTAI Infrastructure Inc. filed an 8-K on May 22, 2024, reporting an event on May 21, 2024. The filing is a Regulation FD Disclosure. The company is incorporated in Delaware and its principal executive offices are located at 1345 Avenue of the Americas, New York, NY.
Why It Matters
This 8-K filing indicates a regulatory disclosure event for FTAI Infrastructure Inc., which could contain material information for investors.
Risk Assessment
Risk Level: low — This filing is a standard 8-K current report for a regulatory disclosure, not indicating any immediate financial distress or significant operational change.
Key Numbers
- 001-41370 — Commission File Number (Identifies the company's SEC filing history)
- 87-4407005 — I.R.S. Employer Identification Number (Company's tax identification number)
Key Players & Entities
- FTAI Infrastructure Inc. (company) — Registrant
- May 21, 2024 (date) — Earliest event date
- May 22, 2024 (date) — Report date
- 1345 Avenue of the Americas (location) — Principal executive offices
- New York, New York (location) — Principal executive offices city and state
FAQ
What specific event triggered this Regulation FD Disclosure?
The filing does not specify the exact event, only that it occurred on May 21, 2024, and is being reported under Regulation FD.
What is the nature of FTAI Infrastructure Inc.'s business?
The SIC code indicates the company is in 'RAILROADS, LINE-HAUL OPERATING [4011]', and the filing mentions '01 Energy & Transportation'.
When was FTAI Infrastructure Inc. incorporated?
The company is incorporated in Delaware, as stated in the filing.
What is the company's primary contact information?
The principal executive offices are at 1345 Avenue of the Americas, New York, NY 10105, and the phone number is (212) 798-6100.
Has the company undergone a name change previously?
Yes, the filing notes a former company name 'FTAI Infrastructure LLC' with a date of name change on 20211216.
Filing Stats: 1,049 words · 4 min read · ~3 pages · Grade level 13.8 · Accepted 2024-05-22 07:00:14
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FIP The Nasdaq Global Sel
- $35 million — e issuance by the Port of an additional $35 million of Series 2024 Bonds. As a result, the
- $385 million — , the Port is authorized to issue up to $385 million of Series 2024 Bonds in the previously
Filing Documents
- ef20029658_8k.htm (8-K) — 29KB
- 0001140361-24-027117.txt ( ) — 163KB
- fip-20240521.xsd (EX-101.SCH) — 4KB
- fip-20240521_lab.xml (EX-101.LAB) — 21KB
- fip-20240521_pre.xml (EX-101.PRE) — 16KB
- ef20029658_8k_htm.xml (XML) — 4KB
01
Item 7.01. Regulation FD Disclosure On May 21, 2024, certain subsidiaries (" Jefferson ") within the Jefferson Terminal segment of FTAI Infrastructure Inc. (" FIP "), and The Port of Beaumont Navigation District of Jefferson County, Texas (the " Port "), announced that the Board of Commissioners of the Port of Beaumont Navigation District of Jefferson County, Texas approved the issuance by the Port of an additional $35 million of Series 2024 Bonds. As a result, the Port is authorized to issue up to $385 million of Series 2024 Bonds in the previously announced offering. Additionally, on May 21, 2024, Jefferson and the Port announced that they have extended the expiration of the previously announced Invitation to Offer Bonds for Purchase, dated May 14, 2024 (the " Invitation "), for the purchase through a cash tender offer (the " Tender Offer ") of certain of the Port's outstanding Series 2020A Bonds and Series 2021A Bonds (the " Target Bonds "). The expiration date for the Tender Offer, previously scheduled for 5:00 p.m., Eastern Time, on May 21, 2024, has been extended to 5:00 p.m., Eastern Time, on May 28, 2024, unless further extended or earlier terminated. This is also the deadline for holders who have tendered Target Bonds in the Tender Offer to be able to validly withdraw such Target Bonds. For the avoidance of doubt, the announcement of the final results and acceptance date for the Target Bonds is currently expected to be on or about May 29, 2024 and the Settlement Date is currently expected to be on or about June 19, 2024. The Tender Offer is subject to certain conditions as described in the Invitation. The Port may, in its sole discretion, terminate, extend or amend the Tender Offer as described in the Invitation. The information in this Current Report on Form 8-K furnished pursuant to Item 7.01 does not constitute an offer to purchase or sell, or a solicitation of an offer to purchase or sell, the Series 2024 Bonds, the Target Bonds, or any other sec