FTAI Infrastructure Announces $270M Debt Offering to Fund Acquisition and Double Subsidiary EBITDA

FTAI Infrastructure's subsidiary, Jefferson, announced its intention to launch a private offering of up to $270 million in notes. The proceeds are intended to finance the previously announced acquisition of DRUbit LLC, which is expected to more than double Jefferson's annual Adjusted EBITDA to approximately $100 million over the next 12 months.

Key Details

• Financing: Jefferson intends to launch a private offering of up to $270 million in notes to qualified institutional buyers.
• Use of Proceeds: The funds will be used for the acquisition of DRUbit LLC for an enterprise value of $255 million, including the repayment of approximately $255 million of related existing debt.
• Projected Financial Impact: The acquired assets are expected to contribute approximately $50 million of annual Adjusted EBITDA. Post-acquisition, Jefferson's annual Adjusted EBITDA is projected to increase to approximately $100 million over the next year.
• 2027 Pro Forma Guidance: For 2027, giving effect to the acquisition and financing, Jefferson is targeting approximately $138 million in Adjusted EBITDA and $57 million in Free Cash Flow.