Vulcan Announces Redemption of All Outstanding 8.50% Senior Notes Due 2026
Key Highlights
- ➤$30.9 million redemption of 2026 Notes expected October 13, 2026
- ➤$30.3452 million principal remains outstanding after October 1 exchange
- ➤$2.833 million 2030 Notes and 1 million warrants issued in exchange
- ➤Post-redemption cash and digital assets expected at approximately $16.9 million
- ➤Cash and digital assets were approximately $49.2 million at September 30
Expert Statements
Jordan Kovler, Chief Executive Officer of Vulcan Infrastructure and Power
“The redemption will eliminate our 2026 debt maturity and further strengthen Vulcan's balance sheet”
Jordan Kovler, Chief Executive Officer of Vulcan Infrastructure and Power
“Our primary focus is securing AI/HPC customers for our sites, where we benefit from our existing and secured access to power. We are pleased with our progress to date, including necessary ongoing predevelopment activities”
PITTSFORD, NY / ACCESS Newswire / October 5, 2026 / Vulcan Infrastructure and Power Inc. (Nasdaq:VIP) ("Vulcan" or the "Company"), a power and infrastructure platform focused on acquiring, developing and operating energized sites that support artificial intelligence ("AI") and high-performance computing ("HPC") data centers, today announced the delivery of a notice of redemption to the holders of all of its outstanding 8.50% Senior Notes due 2026 (the "2026 Notes"), pursuant to which all outstanding 2026 Notes are expected to be redeemed on October 13, 2026. The Company also provided an update on its cash and digital assets position.
The redemption price will equal 100% of the principal amount of the 2026 Notes being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
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