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FTAI Infrastructure agrees to sell Long Ridge Energy and Power to MARA for $1.52 billion

PUBT·04/30/2026 11:17:17
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FTAI Infrastructure agrees to sell Long Ridge Energy and Power to MARA for $1.52 billion
  • FTAI Infrastructure reached definitive agreement to sell Long Ridge Energy & Power to MARA Holdings for about USD 1.52 billion, before closing adjustments.
  • Long Ridge includes a 485-megawatt combined-cycle gas plant, gas production interests, and about 1,600 acres in southeastern Ohio.
  • Net proceeds are expected to repay corporate debt, then fund reinvestment and potential acquisitions.
  • Transaction is expected to close in third quarter 2026, pending regulatory approvals.
  • Sale is set to eliminate USD 1.16 billion of Long Ridge debt, with about USD 300 million targeted for parent-level debt repayment.


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 GlobeNewswire (Ref. ID: 202604300715PRIMZONEFULLFEED9710400) on April 30, 2026, and is solely responsible for the information contained therein.