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XPLR Infrastructure, LP announces the pricing of $1,750 million of senior unsecured notes, including $825 million of 8.375% senior unsecured notes due 2031 and $925 million of 8.625% senior unsecured notes due 2033
XPLR Infrastructure, LP (NYSE: XIFR) today announced the pricing of the previously announced private offering of senior unsecured notes to be issued by its direct subsidiary, XPLR Infrastructure Operating Partners, LP ("XPLR OpCo"). The final offering amount of $1,750 million includes $825 million of 8.375% senior unsecured notes due 2031 (the "2031 notes") and $925 million of 8.625% senior unsecured notes due 2033 (the "2033 notes"). The offering is expected to close on March 25, 2025, subject
About this update from Xplr Infrastructure, Lp
[{"type":"text","content":"JUNO BEACH, Fla., March 20, 2025 /PRNewswire/ -- XPLR Infrastructure, LP (NYSE: XIFR) today announced the pricing of the previously announced private offering of senior unsecured notes to be issued by its direct subsidiary, XPLR Infrastructure Operating Partners, LP ("XPLR OpCo"). The final offering amount of $1,750 million includes $825 million of 8.375% senior unsecured notes due 2031 (the "2031 notes") and $925 million of 8.625% senior unsecured notes due 2033 (the "2033 notes"). The offering is expected to close on March 25, 2025, subject to customary closing conditions.","length":631,"tagName":"p"},{"type":"image","alt":"XPLR Infrastructure, LP (PRNewsfoto/XPLR Infrastructure, LP)","displaySize":"","headline":null,"caption":"XPLR Infrastructure, LP (PRNewsfoto/XPLR Infrastructure, LP)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/d312cdb907326e6282ed02291bd2af12"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QMon12FHXicYT84Sq2obRA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d312cdb907326e6282ed02291bd2af12","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/2607570/XPLR_logo_TM_c_1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The 2031 notes will pay interest semi-annually at the annual rate of 8.375% and will mature on Jan. 15, 2031. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by XPLR Infrastructure, LP and XPLR Infrastructure US Partners Holdings, LLC ("XPLR US Holdings"), a direct subsidiary of XPLR OpCo.","length":340,"tagName":"p"},{"type":"text","content":"The 2033 notes will pay interest semi-annually at the annual rate of 8.625% and will mature on March 15, 2033. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by XPLR Infrastructure, LP and XPLR US Holdings.","length":242,"tagName":"p"},{"type":"text","content":"XPLR OpCo estimates the net proceeds from the 2031 notes and 2033 notes offering will be approximately $1,724.4 million, after deducting the initial purchasers' discount and commission and estimated offering expenses payable by XPLR OpCo. XPLR OpCo will add the net proceeds fro...