Hunton Andrews Kurth LLP Advised on XPLR Infrastructure Operating Partners’ Concurrent $750M Notes Offering and $500M Cash Tender Offer

Hunton Andrews Kurth LLP Advised on XPLR Infrastructure Operating Partners’ Concurrent $750M Notes Offering and $500M Cash Tender Offer

Hunton Andrews Kurth LLP advised the initial purchasers in connection with XPLR Infrastructure Operating Partners, LP’s (XPLR OpCo) offering of $750 million aggregate principal amount of 7.750% Senior Notes due 2034 (Senior Notes), in a private placement under Regulation S and Regulation 144A of the Securities Act of 1933, as amended, to eligible purchasers. Concurrent with the Senior Notes offering, Hunton advised the dealer manager in connection with XPLR OpCo’s cash tender offer for $500 million aggregate principal amount outstanding for XPLR OpCo’s 3.875% Senior Notes due 2026.

XPLR OpCo is a subsidiary of XPLR Infrastructure, LP (XPLR). XPLR, through its ownership in XPLR OpCo, has a partial ownership interest in a clean energy infrastructure portfolio in the U.S. with approximately 10 gigawatts of net generating capacity in 31 states as of December 31, 2024. It is one of the largest generators of energy from the wind and sun in the U.S. based on 2024 megawatt-hour(s) produced on a net generation basis. XPLR’s portfolio is diversified across generation technologies including wind, solar, and battery storage projects.

The Hunton Andrews Kurth LLP team led by Steven C. Friend (Partner), Jingyi “Alice” Yao (Associate), Ryan Metz (Associate), and Catherine Bulger (Catherine Bulger), Robert McNamara (Partner), and William Freeman (Partner) provided tax advice. Leslie Okinaka (Partner) provided ERISA advice.

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