XPLR Infrastructure Prices $750 Million Notes Offering

BY MT Newswires | CORPORATE | 11/12/25 06:00 PM EST

06:00 PM EST, 11/12/2025 (MT Newswires) -- XPLR Infrastructure (XIFR) said late Wednesday that its subsidiary, XPLR Infrastructure Operating Partners, has priced a $750 million private offering of 7.75% senior unsecured notes due 2034.

The notes, which pay interest semiannually, are expected to close on Nov. 21.

Net proceeds of about $740 million will be used to fund a tender offer for 3.875% notes due 2026, refinance other debt, and support general corporate purposes, including clean energy investments, the company said.

Shares of XPLR Infrastructure (XIFR) were up 2% in after-hours trading.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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