Infinity Natural Resources upsized its senior notes offering to $550 million from the $500 million it had previously announced, a 10% increase in deal size.
The 7.625% notes are due April 1, 2031 and were priced at par. Interest will be paid twice a year, on April 1 and October 1, starting October 1, 2026.
The company said the offering is expected to close on March 20, 2026. Infinity plans to use the proceeds to repay borrowings under its revolving credit facility and for general corporate purposes.
The notes will be guaranteed by all of the issuer’s subsidiaries that already guarantee debt under its revolving credit facility.
Infinity describes itself as a growth-oriented, independent energy company focused on acquiring, developing and producing hydrocarbons in the Appalachian Basin, with operations in the Utica shale in eastern Ohio and dry gas assets in the Marcellus and Utica shales in southwestern Pennsylvania. The market has reacted to these announcements by moving the company's shares -1.88% to a price of $13.56. For the full picture, make sure to review INFINITY NATURAL RESOURCES, INC.'s 8-K report.
