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InPlay Oil Completes C$242 Million Bond Offering

BY MT Newswires | CORPORATE | 02/11/26 08:41 AM EST

08:41 AM EST, 02/11/2026 (MT Newswires) -- InPlay Oil (IPOOF) Wednesday said it completed its previously announced offering of 550 million New Israeli Shekels (C$242 million) principal amount of senior unsecured bonds in Israel.

The company said that the bonds bear interest at a rate of 6.23% per annum and are due Dec. 15, 2030.

The company also announced that it completed the listing of its common shares and the bonds on the Tel Aviv Stock Exchange (TASE). The common shares and the bonds are expected to begin trading on the TASE on Feb. 11, 2026 under the symbols IPO and IPO.B1, respectively.

InPlay plans to use the net proceeds from the offering to repay its term loan, temporarily reduce, on a non permanent basis, amounts drawn under its revolving credit facility, to pay transaction expenses and/or for general corporate purposes.

The company said that the bonds are denominated in New Israeli Shekels and interest will be payable semi-annually.

In addition, the company stated that three amortization payments of 6% of the principal amount of the bonds will be due on Dec. 15 of 2027, 2028 and 2029. Payment of principal and interest will not be linked to CAD, added the company.

"InPlay may, subject to certain conditions, at any time no earlier than sixty (60) days after the Bonds are listed on the TASE and at its sole discretion, redeem the Bonds in a full or partial early redemption," said the company. "InPlay intends to be proactive in hedging its exposure to fluctuations in the CAD to NIS exchange rate."

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.

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