Infinity Natural Resources, LLC closed a $550 million private offering of 7.625% senior notes due 2031 on March 20, 2026, pursuant to an Indenture with U.S. Bank Trust Company as trustee. The notes are senior unsecured obligations guaranteed by certain subsidiaries, with net proceeds of approximately $537.4 million to repay Credit Facility borrowings and for general corporate purposes.
Key takeaways
Closed $550.0 million aggregate principal 7.625% Senior Notes due April 1, 2031 on March 20, 2026.
Interest at 7.625% per annum, payable semi-annually on April 1 and October 1, commencing October 1, 2026.
Net proceeds approximately $537.4 million after discounts and expenses.
Proceeds to repay outstanding borrowings under revolving Credit Facility and general corporate purposes.
Notes redeemable prior to April 1, 2028 at 100% plus make-whole premium; thereafter at specified premiums declining to 100%.
Indenture includes covenants limiting indebtedness, restricted payments, asset sales, liens, and affiliates transactions.