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XPLR Infrastructure, LP announces the results of 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· 2025-11-19 12:30
Core Viewpoint - XPLR Infrastructure, LP has successfully completed a cash tender offer for its outstanding 3.875% senior notes due 2026, with a significant participation rate of approximately 93.40% from noteholders [2][3]. Group 1: Tender Offer Details - The cash tender offer commenced on November 12, 2025, and concluded on November 18, 2025, with holders of $466,994,000 in aggregate principal amount of the notes validly tendered [2]. - Settlement for the validly tendered notes is expected to occur on November 21, 2025, subject to the completion of a concurrent bond offering of at least $750 million [3]. - Holders whose notes are accepted will receive a tender consideration of $997.10 per $1,000 principal amount, plus accrued interest [4]. Group 2: Company Overview - XPLR Infrastructure, LP is focused on clean energy infrastructure, aiming to deliver long-term value through disciplined capital allocation and benefiting from growth in the U.S. power sector [6]. - The company’s portfolio includes diversified contracted clean energy assets across various generation technologies, including wind, solar, and battery storage projects [6].
XPLR Infrastructure, LP announces the pricing of $750 million of 7.750% senior unsecured notes due 2034
Prnewswire· 2025-11-12 21:15
Core Points - XPLR Infrastructure, LP announced the pricing of a private offering of 7.750% senior unsecured notes due 2034, expected to close on November 21, 2025 [1][2] - The offering aims to raise approximately $740 million in net proceeds, which will be used for various financial obligations and investments [3] Financial Details - The notes will pay interest semi-annually at an annual rate of 7.750% and will mature on April 15, 2034 [2] - The net proceeds will be allocated to pay cash consideration for the tender offer of outstanding 3.875% senior notes due in October 2026, repay outstanding debt, and fund investments in clean energy projects [3] Company Overview - XPLR Infrastructure, LP is focused on clean energy infrastructure with long-term, stable cash flows, and aims to deliver value through disciplined capital allocation [5] - The company’s portfolio includes diversified generation technologies such as wind, solar, and battery storage projects in the U.S. [5]
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].