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FTAI Infrastructure Incorporation (FIP) has provided an update.
FTAI Infrastructure Inc.’s subsidiary, Jefferson, alongside the Port of Beaumont, is gearing up to offer Series 2024 Bonds totaling around $275.94 million to fund various infrastructure projects and financial maneuvers, including property purchases and bond repurchases. While the bond offer is set to propel Jefferson’s revenue to an estimated $180 million and its Adjusted EBITDA to roughly $105 million by 2026, these projections hinge on achieving 90% capacity at Jefferson Terminal and favorable contract terms, underscoring that these forward-looking statements are speculative and subject to change.
See more data about FIP stock on TipRanks’ Stock Analysis page.