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XPLR Infrastructure, LP announces the launch of a cash tender offer by its direct subsidiary, XPLR Infrastructure Operating Partners, LP, for any and all of its outstanding 3.875% senior notes due 2026
Prnewswire· 2025-11-12 12:30
Core Viewpoint - XPLR Infrastructure, LP has initiated a cash tender offer for its outstanding 3.875% senior notes due 2026, with a consideration of $997.10 per $1,000 principal amount, set to expire on November 18, 2025 [1][2][4]. Group 1: Tender Offer Details - The cash tender offer is for all outstanding OpCo 2026 notes, with the offer documents dated November 12, 2025 [1]. - Holders who validly tender their notes will receive $997.10 for each $1,000 principal amount accepted [2]. - Payments will include accrued and unpaid interest from the last interest payment date up to the settlement date, expected on November 21, 2025 [3]. Group 2: Conditions and Financing - The offer is contingent upon the successful completion of a concurrent bond offering of at least $750 million [4]. - The offer is not conditioned on a minimum amount of notes being tendered, allowing flexibility for the offeror [4]. - The offer may be amended, extended, or terminated at the discretion of the offeror [4]. Group 3: Company Overview - XPLR Infrastructure, LP focuses on clean energy infrastructure with a diversified portfolio across wind, solar, and battery storage projects in the U.S. [8]. - The company aims to deliver long-term value through disciplined capital allocation and is positioned to benefit from growth in the U.S. power sector [8].