Vulcan Infrastructure and Power issues $2.83 million 10% senior notes due 2030 in exchange for 2026 notes
VIP•Vulcan Infrastructure and Power exchanged $2,793,150 principal of its 8.50% notes due 2026 for $2,833,358 principal of 10.00% senior notes due 2030. The deal also covers about $40,230 in accrued interest through three-year warrants for 1 million Class A shares at $1.87; closing is expected on or about Oct. 1, 2026, subject to customary conditions.
1. Notes exchange terms
Vulcan Infrastructure and Power entered a private exchange with holders of its 8.50% Senior Notes due 2026. The company will issue $2,833,358 principal of 10.00% Senior Notes due 2030 in exchange for $2,793,150 principal of the 2026 notes. The transaction also covers about $40,230 of accrued interest through three-year warrants for 1 million Class A shares at $1.87. Closing is expected on or about Oct. 1, 2026, subject to customary conditions.
