FTAI Infrastructure Inc. Files 8-K

TL;DR

FTAI filed a standard 8-K, no major news.

AI Summary

FTAI Infrastructure Inc. filed an 8-K on January 8, 2025, to report on Regulation FD disclosures and financial statements. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for this form.

Why It Matters

This 8-K filing serves as a routine disclosure for FTAI Infrastructure Inc., informing the public about regulatory compliance and financial reporting updates.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not disclose any new material events or financial information that would indicate a change in risk.

Key Players & Entities

• FTAI Infrastructure Inc. (company) — Registrant
• January 8, 2025 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 1345 Avenue of the Americas (address) — Principal Executive Offices
• New York (location) — City of Principal Executive Offices
• 10105 (zip_code) — Zip Code of Principal Executive Offices
• (212) 798-6100 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share FIP The Nasdaq Global Sel
• $599 million — refinance the outstanding approximately $599 million aggregate principal amount of Existing
• $223 million — geting annual revenues of approximately $223 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
• $3.15 — n assumed average daily market price of $3.15 per MMBtu, an average cost of gas produ
• $1.15 — cost of gas production of approximately $1.15 per MMBtu, and other operating expenses
• $27 million — her operating expenses of approximately $27 million per year. There can be no assurance tha
• $200 million — or total consideration of approximately $200 million (the "Potential Transaction"). The cons

Filing Documents

• ef20041247_8k.htm (8-K) — 38KB
• 0001140361-25-000532.txt ( ) — 173KB
• fip-20250108.xsd (EX-101.SCH) — 4KB
• fip-20250108_lab.xml (EX-101.LAB) — 21KB
• fip-20250108_pre.xml (EX-101.PRE) — 16KB
• ef20041247_8k_htm.xml (XML) — 4KB

01

Item 7.01. Regulation FD Disclosure As previously announced 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 now plans to market the refinancing of the Existing Loans with proceeds of the New Term Loan and other secured debt financing (together, the "New Secured Financing"). Long Ridge intends to use the net proceeds from the New Secured Financing to (a) refinance the outstanding approximately $599 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 Secured Financing and repayment of the Existing Loans. Long Ridge is now targeting annual revenues of approximately $223 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 87% capacity, 325 Megawatts of electricity produced by the plant will be subject to new electricity sale derivative contracts set at current market rates and 180 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 84,000 MMBtu, an average of 14,000 MMBtu of gas per day will be sold at an assumed average daily market price of $3.15 per MMBtu, an average cost of gas production of approximately $1.15 per MMBtu, and other operating expenses of approximately $27 million per year. There can be no ass

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: January 8, 2025 FTAI INFRASTRUCTURE INC. /s/ Kenneth J. Nicholson Kenneth J. Nicholson Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR