FTAI Infrastructure gets consent from series A preferred stockholders

Chicago, June 29 – FTAI Infrastructure Inc. said that it is amending its certificate pertaining to its series A preferred stock to allow for the issuance of $100 million more 10½% secured notes due 2027, according to an 8-K filing with the Securities and Exchange Commission.

All holders of the preferreds consented to the amendment and will be paid a customary fee for their consent.

Additionally, the stockholders are expected to purchase up to $33.4 million principal amount of the additional notes offering.

The amendment for the series A preferred stock is expected to be filed with the Delaware Secretary of State before closing the offering of additional notes.

FTAI is a New York-based supplier of infrastructure and equipment to the aviation, energy, intermodal transport and rail industries.

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