DRP Urban Renewal 4, LLC, a subsidiary of Delaware River Partners LLC and an indirect subsidiary of FTAI Infrastructure Inc., has announced the pricing of its private offering of New Jersey Economic Development Authority Dock and Wharf Facility Revenue Bonds for the Repauno Port & Rail Terminal Project, Series 2025. The offering will see $300,000,000 in bonds issued, with a significant portion consisting of $150,000,000 in term bonds maturing on January 1, 2035, bearing a fixed interest rate of 6.375% per annum. This initiative is part of Repauno's broader financial and operational strategy to advance its infrastructure projects. However, the company has highlighted potential risks and uncertainties that may impact the realization of anticipated benefits from the offering.
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