FTAI Infrastructure Inc. Announces Private Offering of Notes and Updates on DRUbit LLC Acquisition

FTAI Infrastructure Inc. (FIP) announced its intention to launch a private offering of up to $270 million aggregate principal amount of notes. Additionally, the company provided an update on its indirect subsidiary's agreement to acquire DRUbit LLC for a purchase price based on an enterprise value of $255 million. This acquisition is expected to more than double Jefferson's annual Adjusted EBITDA to approximately $100 million over the next 12 months.