FTAI Infrastructure plans up to $270 million notes offering for DRUbit acquisition
FTAI Infrastructure's Jefferson Terminal unit announced plans for a private offering of up to $270 million of notes, a preliminary amount subject to market conditions, to finance its acquisition of DRUbit LLC for an enterprise value of $255 million and pay related fees. Jefferson reported a net loss of approximately $52.2 million for the six months ended June 30, 2026, and expects the acquisition to more than double its annual Adjusted EBITDA to about $100 million, though the filing gives no assurance the financing will be completed.
Key points
- Notes offering of up to $270 million, preliminary and subject to change, to be offered to qualified institutional buyers and non-U.S. persons
- Acquisition of DRUbit LLC from an affiliate of US Development Group LLC at an enterprise value of $255 million, announced in a September 28, 2026 8-K
- Jefferson reported a six-month net loss of approximately $52.2 million and Adjusted EBITDA of approximately $19.2 million
- Jefferson targets 2027 Adjusted EBITDA of approximately $138 million and total debt of approximately $1,214 million on a pro forma basis
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.