The company plans to reduce parent debt by at least $300M following the divestiture of Long Ridge to Mara Holdings.
FTAI Infrastructure Inc. expects to save $30M annually in interest expenses after selling its Long Ridge asset to Mara Holdings for $1.52 billion. The transaction aims to reduce parent debt by at least $300M, aligning with management’s cost-reduction strategy.
The divestiture follows a broader effort to streamline operations and improve financial flexibility. In Q1 2026, the company highlighted the sale as a key step in optimizing its capital structure amid ongoing market conditions.
No immediate market reaction was disclosed in the earnings call summary.