The latest announcement is out from FTAI Infrastructure Incorporation ( (FIP) ).
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Long Ridge Energy & Power LLC, under FTAI Infrastructure Inc., plans to refinance its existing loans through a new secured loan and other secured debt financing to manage approximately $599 million in outstanding loans, derivative contracts, and transaction fees. Additionally, FIP is in discussions to acquire GCM Grosvenor’s interests in Long Ridge and its affiliate for about $200 million, potentially impacting the company’s ownership structure.
More about FTAI Infrastructure Incorporation
FTAI Infrastructure Inc. operates within the Power and Gas segment and is involved in energy infrastructure, particularly through its equity method investee Long Ridge Energy & Power LLC.
YTD Price Performance: 4.40%
Average Trading Volume: 1,143,331
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $852M
See more data about FIP stock on TipRanks’ Stock Analysis page.
