BRIEF-Ftai Infrastructure Announces Agreement To Acquire The Wheeling & Lake Erie Railway Company-February 2024-www.financetom.com

BRIEF-Ftai Infrastructure Announces Agreement To Acquire The Wheeling & Lake Erie Railway Company

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BRIEF-Ftai Infrastructure Announces Agreement To Acquire The Wheeling & Lake Erie Railway Company

Aug 6, 2025 6:08 AM

Aug 6 (Reuters) - Ftai Infrastructure Inc ( FIP ):

* FTAI INFRASTRUCTURE INC. ( FIP ) ANNOUNCES AGREEMENT TO ACQUIRE

THE

WHEELING & LAKE ERIE RAILWAY COMPANY

* FTAI INFRASTRUCTURE INC ( FIP ) - TO BUY WHEELING CORPORATION FOR

$1.05

BILLION

* FTAI INFRASTRUCTURE INC ( FIP ) - TO REFINANCE 10.50% SENIOR NOTES

AND

SERIES A PREFERRED STOCK

* FTAI INFRASTRUCTURE INC ( FIP ) - RECEIVES $2.25 BILLION CAPITAL

COMMITMENTS

* FTAI INFRASTRUCTURE INC ( FIP ) - COMPANY EXPECTS CONTROL OF W&LE

UPON

STB APPROVAL

* FTAI INFRASTRUCTURE ( FIP ): EXPECT COMBINED FREIGHT RAIL SEGMENT

GENERATE ABOUT $200 MILLION ANNUAL ADJUSTED EBITDA BY END OF

2026

Source text:

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