PAPort Arthur Terminal and 50% interest in the Diluent Recovery UnitFIFTAI Infrastructure Inc.

Overview

A subsidiary of FTAI Infrastructure Inc. agreed to acquire the Port Arthur Terminal in Port Arthur, Texas, and a 50% interest in the Diluent Recovery Unit in Hardisty, Alberta, from a subsidiary of USD Group LLC for approximately $255 million in cash. The consideration is to be financed by assuming existing indebtedness of the acquired business and with an acquisition debt facility.

Deal rationale

Jefferson said the assets are an ideal fit and highly accretive, more than doubling its Adjusted EBITDA with contracted cash flow under a long-term take-or-pay agreement with minimum volume commitments from an investment grade counterparty.

Timeline

1. AnnouncedSep 28, 2026

   Deal announced.

   Filing

Valuation and terms

Advisors

Parties