XPLR Infrastructure Subsidiary Prices Private Offering of $1.75 Billion Notes

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04:29 AM EDT, 03/21/2025 (MT Newswires) -- XPLR Infrastructure ( XIFR ) said Thursday it priced a $1.75 billion private offering of senior unsecured notes to be issued by its direct subsidiary, XPLR Infrastructure Operating Partners.

The offering comprises $825 million of 8.375% senior unsecured notes due 2031 and $925 million of 8.625% senior unsecured notes due 2033.

The subsidiary expects to use the proceeds to fund repowering capital expenditures and repay outstanding debt, including the 0.00% convertible senior notes due in November 2025 and outstanding borrowings under its revolving credit facility.

The offering will likely close on March 25.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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