XPLR Infrastructure, LP (XIFR): M&A transaction — XPLR completes sale of Meade pipeline investment for $1.1B cash to Ares Management affiliates

XPLR Infrastructure, LP

Total cash consideration of approximately $1.1B from sale of interests in Meade Pipeline Co and Redwood Meade Midstream.
Proceeds used to repay $822M in project-related debt and $208M buyout of noncontrolling interests in XPLR Pipelines.
Pro forma balance sheet as of June 30, 2025 shows total debt reduced from $6.6B to $5.8B and equity decreased slightly.
Sale closed on September 22, 2025; previously disclosed agreement dated August 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

XPLR Infrastructure, LP completed a disposition involving APC Holdings II, L.P. and ACI Meade Member, LLC for $1.1 billion (closed 2025-09-22).

Action: disposition
Counterparty: APC Holdings II, L.P. and ACI Meade Member, LLC
Consideration: $1.1 billion
Closing: 2025-09-22

Exact text from the filing

On September 22, 2025, Meade Pipeline Investment, LLC, Redwood Midstream, LLC and River Road Interests LLC (the sellers), all indirect subsidiaries of XPLR Infrastructure, LP (XPLR), completed the sale of the sellers' interests in Meade Pipeline Co, LLC (Meade), which owned an investment in natural gas pipeline assets in Pennsylvania, and Redwood Meade Midstream MPC, LLC, which owned a 15% interest in Meade, to APC Holdings II, L.P. and ACI Meade Member, LLC, affiliates of funds managed or advised by Ares Management LLC or one of its affiliates under the previously disclosed purchase and sale agreement dated August 7, 2025. XPLR received total cash consideration of approximately $1.1 billion.

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XPLR Infrastructure, LP filing history →

Source: SEC EDGAR

accession 0001603145-25-000046

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