debt
confidence high
sentiment neutral
materiality 0.60
XPLR launches $750M notes due 2034, tender for 2026 notes; TTM adj. EBITDA $1.97B
XPLR Infrastructure, LP
- Offering $750M senior unsecured notes due 2034 via XPLR OpCo; proceeds to fund tender for 3.875% notes due 2026 and refinance debt.
- Tender offer for any and all 3.875% senior notes due 2026 at $997.10/$1,000; expires Nov 18, 2025; conditioned on bond offering.
- TTM Sept 2025 adjusted EBITDA $1.97B; free cash flow before growth $786M; HoldCo CADS $830M.
- Sept 22, 2025 sale of Meade pipeline; pro forma adj. EBITDA $1.86B, FCFBG $712M, CADS $768M.
- Earnings calls to resume in 2026, starting with Q4 2025 results expected Feb 2026.