FTAI Infrastructure Shares Edge Down as $1.52 Billion Debt Reset Looms
FTAI Infrastructure Inc. traded at $4.48 in premarket Wednesday, unchanged after a 1.97% drop Tuesday. The company expects to close its $1.52 billion Long Ridge sale in the third quarter, pending regulatory approval. FTAI swung to a $150.2 million net loss in Q1 but reported higher adjusted EBITDA. Investors are watching rail operations and the outcome of the Long Ridge deal amid debt concerns.