Regulation FD Disclosure - Form 8-K

On May 21, 2024, certain subsidiaries ("Jefferson") within the Jefferson Terminal segment of FTAI Infrastructure Inc. ("FIP"), and The Port of Beaumont Navigation District of Jefferson County, Texas (the "Port"), announced that the Board of Commissioners of the Port of Beaumont Navigation District of Jefferson County, Texas approved the issuance by the Port of an additional $35 million of Series 2024 Bonds. As a result, the Port is authorized to issue up to $385 million of Series 2024 Bonds in the previously announced offering.

Additionally, on May 21, 2024, Jefferson and the Port announced that they have extended the expiration of the previously announced Invitation to Offer Bonds for Purchase, dated May 14, 2024 (the "Invitation"), for the purchase through a cash tender offer (the "Tender Offer") of certain of the Port's outstanding Series 2020A Bonds and Series 2021A Bonds (the "Target Bonds").

The expiration date for the Tender Offer, previously scheduled for 5:00 p.m., Eastern Time, on May 21, 2024, has been extended to 5:00 p.m., Eastern Time, on May 28, 2024, unless further extended or earlier terminated. This is also the deadline for holders who have tendered Target Bonds in the Tender Offer to be able to validly withdraw such Target Bonds. For the avoidance of doubt, the announcement of the final results and acceptance date for the Target Bonds is currently expected to be on or about May 29, 2024 and the Settlement Date is currently expected to be on or about June 19, 2024.

The Tender Offer is subject to certain conditions as described in the Invitation. The Port may, in its sole discretion, terminate, extend or amend the Tender Offer as described in the Invitation.

The information in this Current Report on Form 8-K furnished pursuant to Item 7.01 does not constitute an offer to purchase or sell, or a solicitation of an offer to purchase or sell, the Series 2024 Bonds, the Target Bonds, or any other security, nor shall there be any purchase or sale of these securities in any state or other jurisdiction in which such an offer, solicitation or purchase or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Cautionary Language Regarding Forward-Looking Statements

This Current Report on Form 8-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Words such as, but not limited to, "will," "believes," "expects," "anticipates," "plans," "could," "may," "should," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this current report include, among other things, statements about FIP's and Jefferson's plans, objectives, expectations and intentions; the financial condition, results of operations and business of FIP and Jefferson; and the anticipated timing of the Tender Offer. Risks and uncertainties include, among other things, risks related to the timing and satisfaction of the conditions of settlement of the Tender Offer in the anticipated timeframe or at all; risks related to Jefferson's ability to realize the anticipated benefits of the projects to be financed by the offering of the Series 2024 Bonds; risks related to Jefferson's ability to meet its obligations under the definitive documents for the offering, including scheduled principal and interest payments on the Series 2020, Series 2021 and Series 2024 Bonds; future commodity prices, exchange and interest rates; changes in tax and other laws, regulations, rates and policies; and competitive developments. All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those reflected in such statements. Accordingly, FIP cautions that the forward-looking statements contained herein are qualified by these and other important factors and uncertainties that could cause results to differ materially from those reflected by such statements. For more information on additional potential risk factors, please review FIP's filings with the SEC, including, but not limited to, FIP's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.