FTAI Infrastructure Inc. Files 8-K

TL;DR

FTAI Infrastructure filed an 8-K on 11/25/24. Standard disclosure.

AI Summary

FTAI Infrastructure Inc. filed an 8-K on November 25, 2024, to report information under Regulation FD and to file financial statements and exhibits. The filing confirms the company's name, incorporation in Delaware, and principal executive offices located at 1345 Avenue of the Americas, New York, NY 10105. No specific financial figures or material events were detailed in the provided excerpt.

Why It Matters

This filing serves as a public record of important corporate events and financial disclosures for FTAI Infrastructure Inc., providing transparency to investors and stakeholders.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing notification and does not contain information that would indicate a specific risk to investors.

Key Players & Entities

• FTAI Infrastructure Inc. (company) — Registrant
• November 25, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 1345 Avenue of the Americas, New York, New York 10105 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share FIP The Nasdaq Global Sel
• $600 million — refinance the outstanding approximately $600 million aggregate principal amount of Existing
• $226 million — geting annual revenues of approximately $226 million and Adjusted EBITDA of approximately $1
• $160 million — on and Adjusted EBITDA of approximately $160 million after completing the above transactions
• $38 — n assumed average daily market price of $38 per megawatt-hour, average gas producti
• $3.10 — n assumed average daily market price of $3.10 per MMBtu, an average cost of gas produ
• $1.15 — cost of gas production of approximately $1.15 per MMBtu, and other operating expenses
• $28 million — her operating expenses of approximately $28 million per year. There can be no assurance tha

Filing Documents

• ef20039191_form8k.htm (8-K) — 32KB
• 0001140361-24-047725.txt ( ) — 167KB
• fip-20241125.xsd (EX-101.SCH) — 4KB
• fip-20241125_lab.xml (EX-101.LAB) — 21KB
• fip-20241125_pre.xml (EX-101.PRE) — 16KB
• ef20039191_form8k_htm.xml (XML) — 4KB

01

Item 7.01. Regulation FD Disclosure On November 25, 2024, a subsidiary of Long Ridge Energy & Power LLC ("Long Ridge"), an equity method investee within the Power and Gas segment of FTAI Infrastructure Inc. ("FIP"), announced that it plans to market the refinancing of its existing loans (collectively, the "Existing Loans") with proceeds of a new senior secured term loan (the "New Term Loan"). Long Ridge intends to use the net proceeds from the New Term Loan to (a) refinance the outstanding approximately $600 million aggregate principal amount of Existing Loans, (b) fund the costs related to the termination of certain electricity sale derivative contracts and the entry into new electricity sale derivative contracts, and (c) fund certain reserves and transaction fees and expenses related to the incurrence of the New Term Loan and repayment of the Existing Loans. Long Ridge is targeting annual revenues of approximately $226 million and Adjusted EBITDA of approximately $160 million after completing the above transactions. These targets are based on a variety of assumptions, including that Long Ridge's power plant continues to operate at approximately 90% capacity, 325 Megawatts of electricity produced by the plant will be subject to new electricity sale derivative contracts set at current market rates and 160 Megawatts of electricity produced by the plant will be sold at an assumed average daily market price of $38 per megawatt-hour, average gas production per day of 90,000 MMBtu, an average of 21,000 MMBtu of gas per day will be sold at an assumed average daily market price of $3.10 per MMBtu, an average cost of gas production of approximately $1.15 per MMBtu, and other operating expenses of approximately $28 million per year. There can be no assurance that Long Ridge will be able to meet these targets and actual results may vary materially. Please see "Cautionary Language Regarding Forward-Looking Statements" below. The information in this Current Report on Form

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: November 25, 2024 FTAI INFRASTRUCTURE INC. /s/ Kenneth J. Nicholson Kenneth J. Nicholson Chief Executive Officer and President

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View this 8-K filing on SEC EDGAR