FTAI Infrastructure Inc. Files 8-K
Ticker: FIP · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1899883
| Field | Detail |
|---|---|
| Company | Ftai Infrastructure INC. (FIP) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $500 million, $599 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: reporting, sec-filing
TL;DR
FTAI filed a routine 8-K, no major news.
AI Summary
FTAI Infrastructure Inc. filed an 8-K on January 30, 2025, reporting on other events and financial statements. The filing does not contain specific financial figures or material events beyond the standard reporting requirements.
Why It Matters
This 8-K filing indicates routine corporate reporting by FTAI Infrastructure Inc. to the SEC, without disclosing any immediate material changes or events.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report and does not contain information that suggests an immediate change in risk for the company.
Key Players & Entities
- FTAI Infrastructure Inc. (company) — Registrant
- January 30, 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
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' as of January 30, 2025.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is January 30, 2025.
In which state was FTAI Infrastructure Inc. incorporated?
FTAI Infrastructure Inc. was incorporated in Delaware.
What is the principal executive office address for FTAI Infrastructure Inc.?
The principal executive office address for FTAI Infrastructure Inc. is 1345 Avenue of the Americas, 45th Floor, New York, New York 10105.
Does this filing indicate any specific financial results or material events?
This filing does not specify any particular financial results or material events beyond the general categories of 'Other Events' and 'Financial Statements and Exhibits'.
Filing Stats: 1,251 words · 5 min read · ~4 pages · Grade level 16.6 · Accepted 2025-01-30 09:15:27
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FIP The Nasdaq Global Sel
- $500 million — ions, to commence a private offering of $500 million aggregate principal amount of senior se
- $599 million — erminate, the outstanding approximately $599 million aggregate principal amount of its exist
Filing Documents
- ef20042592_8k.htm (8-K) — 34KB
- 0001140361-25-002389.txt ( ) — 169KB
- fip-20250130.xsd (EX-101.SCH) — 4KB
- fip-20250130_lab.xml (EX-101.LAB) — 21KB
- fip-20250130_pre.xml (EX-101.PRE) — 16KB
- ef20042592_8k_htm.xml (XML) — 4KB
01
Item 8.01 Other Events On January 30, 2025, Long Ridge Energy LLC (the " Company "), a Delaware limited liability company and a subsidiary of Long Ridge Energy & Power LLC, a Delaware limited liability company and an equity method investment within the Power and Gas segment of FTAI Infrastructure Inc. (" FIP "), announced that it intends, subject to market conditions, to commence a private offering of $500 million aggregate principal amount of senior secured notes due 2032 (the " Notes "). The Notes will be issued pursuant to an indenture among the Company, Long Ridge Energy Generation LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (" Long Ridge Energy "), Ohio GasCo LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (" Ohio GasCo " and, together with Long Ridge Energy, the " Subsidiary Guarantor s"), and U.S. Bank Trust Company, National Association, as trustee and collateral agent. The Notes will be fully and unconditionally guaranteed on a joint and several basis by the Company and the Subsidiary Guarantors and will be senior obligations and secured, (i) by a first-priority lien on the real property, tangible property, intangible property, accounts and other assets of the Company and the Subsidiary Guarantors, subject to certain exclusions, and (ii) by a first priority security interest in the membership interests in the Subsidiary Guarantors and Long Ridge West Virginia LLC, a Delaware limited liability company. The Company intends to use the net proceeds from the offering of the Notes, along with the proceeds from its previously announced new $500 million senior secured term loan (the " New Term Loan "), to: (a) repay in full the obligations under, and terminate, the outstanding approximately $599 million aggregate principal amount of its existing loans (the " Existing Loans "), (b) fund certain reserve and capital accounts, (c) fund the costs related to the termination and/or cash col
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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FTAI INFRASTRUCTURE INC. By: /s/ Kenneth J. Nicholson Name: Kenneth J. Nicholson Title: Chief Executive Officer and President Date: January 30, 2025