Repauno Prices $300M in Bonds for Port & Rail Terminal Project

Reuters
16 May
Repauno Prices $300M in Bonds for Port & Rail Terminal Project

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FTAI Infrastructure Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-019359), on May 16, 2025, and is solely responsible for the information contained therein.

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