Jefferson 2020 Bond Borrower LLC entered into a $230.0 million secured bridge loan facility with Jefferies Finance LLC as administrative agent, maturing on June 30, 2027. The proceeds were used to repay $217,870,000 in Taxable Series 2024B Bonds issued by the Port of Beaumont Navigation District of Jefferson County, Texas. The loan features an interest rate of Adjusted Term SOFR Rate plus a 5.50% margin that increases by 0.50% every 90 days. FTAI Infrastructure Inc. provides infrastructure-related services and asset management for energy and industrial sectors.