XPLR Infrastructure announces offering of $750M of senior unsecured notes

* XPLR Infrastructure (NYSE:XIFR [https://seekingalpha.com/symbol/XIFR]) announced [https://seekingalpha.com/pr/20303489-xplr-infrastructure-lp-announces-the-offering-of-750-million-in-aggregate-principal-amount-of] on Wednesday a private offering of $750M of senior unsecured notes due 2034.
* The notes will be fully and unconditionally guaranteed on a senior unsecured basis by XPLR Infrastructure, LP, and XPLR Infrastructure US Partners Holdings, LLC, a direct subsidiary of XPLR OpCo.
* XPLR OpCo will add the net proceeds from the sale of the notes to its general funds. The company plans to use its general funds to pay its outstanding 3.875% senior notes due in October 2026. Also to repay outstanding debt, including prefunding a portion of the refinancing of the outstanding senior unsecured convertible notes due 2026.
* Further, the company may use its general funds for other general business purposes and investments in clean energy projects.

MORE ON XPLORE RESOURCES CORP.

* Seeking Alpha’s Quant Rating on Xplore Resources Corp. [https://seekingalpha.com/symbol/XPLR:CA/ratings/quant-ratings]
* Financial information for Xplore Resources Corp. [https://seekingalpha.com/symbol/XPLR:CA/income-statement]