Vulcan Infrastructure and Power plans to redeem USD 33.1 million senior notes due October 2026
VIP•Financing details
The financing included the issuance of 17,146,190 Class A shares at USD 1.71 per share, along with a USD 10 million senior secured convertible note.
Strategic investment to fund note redemption
Vulcan Infrastructure and Power closed a USD 39.4 million strategic investment to fund the redemption of its 8.50% Senior Notes due October 2026.
Net proceeds are earmarked to redeem about USD 33.1 million of principal amount still outstanding, which will remove the company's nearest debt maturity.




