Recent Updates — FIP
FTAI Infrastructure Inc. reported second quarter 2026 financial results, announcing a net loss attributable to common stockholders of $166.5 million and adjusted EBITDA of $76.1 million. The company declared a quarterly cash dividend of $0.03 per share, payable on September 8, 2026 to holders of record as of August 24, 2026. Operational highlights included record rail segment revenues and the acquisition of Tidewater Logistics, while the sale of Long Ridge remains pending regulatory approval to eliminate $1.16 billion in debt.
Jefferson 2020 Bond Borrower LLC entered into a $230.0 million secured bridge loan facility with Jefferies Finance LLC as administrative agent, maturing on June 30, 2027. The proceeds were used to repay $217,870,000 in Taxable Series 2024B Bonds issued by the Port of Beaumont Navigation District of Jefferson County, Texas. The loan features an interest rate of Adjusted Term SOFR Rate plus a 5.50% margin that increases by 0.50% every 90 days. FTAI Infrastructure Inc. provides infrastructure-related services and asset management for energy and industrial sectors.