FTAI Infrastructure Announces Expected Over $300 Million Net Proceeds from Sale of Long Ridge to MARA Holdings
FTAI Infrastructure (NASDAQ:FIP) announced an agreement to sell its Long Ridge asset to MARA Holdings for $1.52 billion, expected to close in Q3 2026 after regulatory approvals. The transaction is projected to generate over $300 million in net proceeds and aligns with the company's strategy of reducing leverage and focusing on core freight rail operations.
Topics: asset sale debt reduction infrastructure rail