{"url_path":"/sec/fip/8-k/2026-07-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1899883/0001140361-26-027428-index.html","accession_number":"0001140361-26-027428","cik":"0001899883","ticker":"FIP","issuer_name":"FTAI Infrastructure Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1899883/0001140361-26-027428-index.html","primary_entity_key":"0001899883","primary_entity_name":"FTAI Infrastructure Inc."},"word_count":622,"has_tables":true,"body_markdown":"Item 1.01\n\nEntry into a Material Definitive Agreement.\n\nBridge Loan Credit Agreement\n\nOn July 1, 2026 (the “Effective Date”), Jefferson 2020 Bond Borrower LLC, a Delaware limited liability company (the “Borrower”), entered\ninto a Bridge Loan Credit Agreement, dated as of July 1, 2026 (the “Bridge Loan Credit Agreement”), among the Borrower, the lenders from time to time party thereto, and Jefferies Finance LLC, as administrative agent (the “Administrative\nAgent”). The Bridge Loan Credit Agreement provides for a secured bridge loan facility (the “Bridge Loan”) with an aggregate principal amount of $230.0 million. The Bridge Loan will mature on June 30, 2027.\n\nThe proceeds of the Bridge Loan were used to (a) repay at maturity all amounts\noutstanding under the Port of Beaumont Navigation District of Jefferson County, Texas Facility Revenue Bonds, Taxable Series 2024B (Jefferson Gulf Coast Energy Project) (the “Taxable\n\nSeries 2024B Bonds”), (b) fund a portion of the debt service reserve account required under the Bridge Loan Credit Agreement and (c) pay certain fees, costs and expenses incurred in connection with the\ntransactions contemplated thereby.\n\nInterest under the Bridge Loan will accrue at the Adjusted Term SOFR Rate, plus a margin of 5.50% per annum (which steps up by 0.50% per annum\nevery 90 days after the Effective Date).\n\nThe Bridge Loan is required to be repaid with the net proceeds of (i) certain asset sales, and recovery events, in each case, subject to customary\nreinvestment rights, (ii) issuances of certain equity securities and (iii) incurrences of certain debt. In addition, on the date that is forty-five (45) days following each of (i) the last day of the Borrower’s fiscal year ending December 31, 2026\nand (ii) the last day of the Borrower’s fiscal quarter ending June 30, 2027, the Borrower is required to prepay the Bridge Loans with certain Excess Cash Flow (as defined in the Bridge Loan Credit Agreement) in the amounts set forth therein.\n\nThe Bridge Loan Credit Agreement contains customary representations and warranties, affirmative covenants, and negative covenants. The negative\ncovenants limit the Borrower’s ability, among other things, to incur additional indebtedness, to make distributions, to make investments and to incur liens, in each case, subject to certain exceptions set forth in the Bridge Loan Credit Agreement.\nThe Borrower is also required to maintain a minimum liquidity of $20.0 million at all times while the Bridge Loan is outstanding.\n\nThe Bridge Loan Credit Agreement also contains customary events of default. The occurrence of an event of default could result in the acceleration of\nall outstanding amounts under the Bridge Loan.\n\nThe obligations of the Borrower under the Bridge Loan Credit Agreement constitute “Permitted Additional Senior Indebtedness” under (and are secured\npursuant to) the Second Amended and Restated Collateral Agency, Intercreditor and Accounts Agreement, dated as of June 1, 2024, by and among the Borrower, Jefferson 2020 Bond Lessee LLC, a Delaware limited liability company, UMB Bank, N.A., as port\ntrustee, UMB Bank, N.A., as IDA trustee, Deutsche Bank National Trust Company, as collateral agent, and Deutsche Bank National Trust Company, as account bank (as amended, restated, amended and restated, modified or otherwise supplemented from time\nto time).\n\nThe foregoing description of the Bridge Loan Credit Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Bridge\nLoan Credit Agreement, a copy of which is filed as Exhibit 10.1 hereto.\n\n \n\nRepayment of Taxable Series 2024B Bonds\n\n \n\nOn July 1, 2026, the Taxable Series 2024B Bonds, in the aggregate principal amount of $217,870,000, which were issued by the Port of Beaumont Navigation District of\nJefferson County, Texas on June 1, 2024 to the Borrower, were repaid in full with the proceeds of the Bridge Loan Credit Agreement."}