WildFire Energy I LLC (the "WFE I" or "WildFire") announced that WildFire Intermediate Holdings, LLC, a wholly-owned subsidiary of WFE I (the "Issuer"), priced an upsized private offering of $600 million in aggregate principal amount of 7.500% senior unsecured notes due 2029 (the "Notes"). The offering size was increased from the previously announced $500 million aggregate principal amount. The Notes mature on October 15, 2029, pay interest at the rate of 7.500% per year and priced at par. The offering is expected to close on September 26, 2024, subject to customary closing conditions. The Issuer intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its revolving credit facility.
The offering and sale of the Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and, unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Issuer plans to offer and sell the Notes only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
This communication shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
