Hunton Andrews Kurth LLP advised the initial purchasers in connection with XPLR Infrastructure Operating Partners, LP’s (XPLR OpCo) offering of $825 million aggregate principal amount of 8.375% Senior Notes due 2031 and $925 million aggregate principal amount of 8.625% Senior Notes due 2033. The offering was conducted as a private placement under Regulation S and Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers. 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 GW of net generating capacity in 31 states. At December 31, 2024, XPLR owned an approximately 48.6% limited partner interest in XPLR OpCo. Through XPLR OpCo, XPLR has portfolio interest in a portfolio of contracted clean energy assets consisting of wind, solar and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets (pipeline investment).

The Hunton team included Steven C. Friend, Michelle G. Chan, Jingyi “Alice” Yao, Monika M. Dziewa and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice. Leslie Okinaka provided ERISA advice.