{
  "id": 10422594,
  "title": "FTAI Infrastructure unit to buy Texas terminal for $255M",
  "url": "https://urgent.news/2026/09/28/ftai-infrastructure-unit-to-buy-texas-terminal-for-255m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T10:36:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/ftai-infrastructure-unit-to-buy-texas-terminal-for-255m-93CH-4919773"
  },
  "original_language": "en",
  "account": "FTAI Energy Partners, a subsidiary of FTAI Infrastructure Inc., has agreed to purchase a Texas terminal for $255 million. The acquisition includes the Port Arthur Terminal in Port Arthur, Texas, and a 50% stake in the Diluent Recovery Unit in Hardisty, Alberta. The total deal value is roughly $255 million in cash, as reported in a press release. The transaction is being financed through the assumption of existing debts and a new debt facility secured by Jefferson's subsidiaries. The acquired assets are expected to produce around $50 million in annual EBITDA over the next year. The closing date is contingent upon obtaining necessary regulatory approvals, which are anticipated in the fourth quarter of 2026. The purchased assets consist of a logistics network for moving crude oil to the Beaumont refinery hub, secured by a long-term contract with an energy exploration and production company. The Port Arthur Terminal manages about 50,000 barrels of crude oil daily, transported by rail and distributed through a pipeline to customers in Beaumont, Lake Charles, and other Gulf Coast areas. Financing for the acquisition is being provided by Jefferson, with plans to further fund it through the issuance of Additional Parity Bonds. Investment firm Jefferies and Houlihan Lokey advised on the transaction, while USDG's capital finance advisors were Barclays. FTAI Infrastructure focuses on investing in infrastructure within rail, ports, terminals, power, and gas industries, with external management by an affiliate of Fortress Investment Group.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "FTAI Infrastructure Unit To Buy Port Arthur Terminal, Alberta DRU Interest For $255 Mln",
        "url": "https://urgent.news/2026/09/28/ftai-infrastructure-unit-to-buy-port-arthur-terminal-alberta-dru",
        "published": "2026-09-28T11:06:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}