debt
confidence high
sentiment neutral
materiality 0.75
XPLR Infrastructure prices $1.75B senior notes at 8.375% and 8.625%
XPLR Infrastructure, LP
- $1.75B aggregate: $825M 8.375% notes due 2031 and $925M 8.625% notes due 2033.
- Net proceeds ~$1.724B to fund repowering capex and repay 0.00% convertible notes due Nov 2025 and revolver debt.
- Notes fully guaranteed by XPLR Infrastructure, LP and XPLR US Holdings; offering closes March 25, 2025.
- Proceeds also for buyout of noncontrolling interests and general corporate purposes.