FTAI Infrastructure (FIP) - 2022 Q4 - Annual Report

65 Total other expense increased $26.8 million due to an increase in interest expense of $26.6 million which reflects an increase in the average outstanding debt from the 2027 Notes issued in July 2022. Dividends and accretion of redeemable preferred stock Dividends and accretion of redeemable preferred stock increased $23.7 million due to the redeemable preferred stock raise completed in August 2022. Adjusted EBITDA (non-GAAP) Adjusted EBITDA decreased $0.3 million primarily due to the changes noted above. ...