Brief: Ftai Infrastructure Announces Agreement To Acquire The Wheeling & Lake Erie Railway Company
06/08/2025 13:44
Aug 6 (Reuters) - Ftai Infrastructure Inc FIP.O: FTAI INFRASTRUCTURE INC. ANNOUNCES AGREEMENT TO ACQUIRE THE WHEELING & LAKE ERIE RAILWAY COMPANY FTAI INFRASTRUCTURE INC - TO BUY WHEELING CORPORATION FOR $1.05 BILLION FTAI INFRASTRUCTURE INC - TO REFINANCE 10.50% SENIOR NOTES AND SERIES A PREFERRED STOCK FTAI INFRASTRUCTURE INC - RECEIVES $2.25 BILLION CAPITAL COMMITMENTS FTAI INFRASTRUCTURE INC - COMPANY EXPECTS CONTROL OF W&LE UPON STB APPROVAL FTAI INFRASTRUCTURE: EXPECT COMBINED FREIGHT RAIL SEGMENT TO GENERATE ABOUT $200 MILLION ANNUAL ADJUSTED EBITDA BY END OF 2026 Source text: ID:nGNX6fvMfl Further company coverage: FIP.O ((Reuters.Briefs@thomsonreuters.com;))
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