Infinity Natural Resources plans $500 million senior notes offering
Infinity Natural Resources Inc. (NYSE: INR) announced that its subsidiary Infinity Natural Resources LLC intends to offer $500 million in senior notes due 2031 through a private placement to eligible purchasers, subject to market conditions.
The notes will be guaranteed on a senior unsecured basis by all subsidiaries that guarantee the issuer's indebtedness under its revolving credit facility. The company plans to use net proceeds to repay outstanding borrowings under its revolving credit facility and for general corporate purposes.
The notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons in transactions outside the United States under Regulation S.
Infinity Natural Resources operates as an independent energy company focused on hydrocarbon acquisition, development and production in the Appalachian Basin. The company's operations center on the Utica Shale in eastern Ohio and stacked dry gas assets in the Marcellus and Utica Shales in southwestern Pennsylvania.
The offering is being made through a private offering memorandum and only to permitted persons in authorized jurisdictions under applicable law. The announcement stated that the press release does not constitute an offer to sell or solicitation to buy the notes.
