FTAI Infrastructure Unit FTAI Energy Partners To Acquire Port Arthur Terminal In Texas And A 50% Stake In The Diluent Recovery Unit Located In Hardisty, Alberta, From USD Group For ~$255M In Cash
The total acquisition consideration will be financed by assuming existing indebtedness of the acquired business and with an acquisition debt facility secured by Jefferson and its subsidiaries. The Company expects the
FTAI Energy Partners is buying oil and gas equipment in Texas and Canada for about $255 million. When a company buys real stuff like terminals and equipment, watch whether it makes more money from those operations over time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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