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InPlay Oil Plans Up to Raise C$241 Million in a Bond Offering in Israel

BY MT Newswires | CORPORATE | 03:56 PM EST

03:56 PM EST, 02/05/2026 (MT Newswires) -- InPlay Oil (IPOOF) said Thursday afternoon it plans to issue up to 550 million New Israeli Shekels (about C$241 million) in senior unsecured bonds in Israel.

The bonds will mature on Dec. 15, 2030, rank equally with InPlay's other senior unsecured debt, and carry an interest rate set by auction, capped at 6.23% per year. The offering is set to close around Feb. 12, subject to customary conditions, the company said, adding that it has applied to list both its shares and the bonds on the Tel Aviv Stock Exchange.

The company said proceeds will be used to repay its term loan, temporarily reduce amounts drawn on its revolving credit facility, cover transaction costs, and support general corporate purposes.

"The offering strategically positions InPlay to continue developing and acquiring long-lived, low-decline properties with extensive drilling inventory and enhanced oil recovery potential as well as undeveloped lands," the company said.

The company's shares were last seen down $0.57 to $15.03 on the Toronto Stock Exchange.

Price: 15.04, Change: -0.56, Percent Change: -3.59

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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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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