Vulcan Announces Redemption of All Outstanding 8.50% Senior Notes Due 2026

The expected redemption would eliminate the 2026 debt maturity, while the completed exchange issued higher-coupon debt due 2030.

Rhea-AI Summary

Vulcan Infrastructure and Power (VIP) expects to redeem all outstanding 8.50% Senior Notes due 2026 on October 13, 2026. A redemption notice has been delivered. The remaining $30,345,200 principal will be redeemed at 100%, plus accrued interest; Vulcan expects payment of approximately $30.9 million.

On October 1, Vulcan exchanged $2,793,150 of 2026 Notes and accrued interest for $2,833,358 of 10.00% Senior Notes due 2030 and warrants for up to 1,000,000 Class A shares at $1.87 each. Preliminary unaudited September 30 cash and digital assets totaled approximately $49.2 million, including bitcoin valued at approximately $5.4 million. Vulcan expects approximately $16.9 million after redemption and approximately $1.4 million of remaining PIPE transaction expenses. That estimate excludes operating cash use, other expenses and bitcoin value changes after September 30.

2 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 6 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Expected redemption of $30,345,200 principal on October 13, 2026 would eliminate the remaining 2026 debt maturity. 1.1× market cap
• Moderate pointCompleted October 1 exchange retired $2,793,150 of 2026 Notes and exchanged their accrued interest. 10% of market cap

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.Post-redemption cash and digital assets are expected at approximately $16.9 million, versus approximately $49.2 million September 30.
• Moderate pointExchange issued $2,833,358 of 10.00% Senior Notes due 2030, replacing 8.50% debt with higher-coupon obligations. 10% of market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Remaining PIPE transaction expenses require payment of approximately $1.4 million. 5% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Exchange warrants cover up to 1,000,000 Class A shares at $1.87, creating potential dilution.
• Minor point. Forward-looking: it has not happened yet and may not happen.Redemption includes approximately $523,000 of accrued and unpaid interest through October 12, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Projected post-redemption balance excludes operating cash use, other expenses and bitcoin value changes after September 30.

Key Figures

Note coupon: 8.50% Expected redemption date: October 13, 2026 Principal remaining: $30,345,200 +5 more

Note coupon

8.50%

2026 Notes being redeemed

Expected redemption date

October 13, 2026

All remaining 2026 Notes

Principal remaining

$30,345,200

2026 Notes after the exchange

Expected redemption payment

Approximately $30.9 million

Principal and accrued interest

Accrued and unpaid interest

Approximately $523,000

Through October 12, 2026

Cash and digital assets

Approximately $49.2 million

As of September 30, 2026

Post-redemption cash and digital assets

Approximately $16.9 million

Preliminary unaudited balance after anticipated redemption and remaining PIPE expenses

Remaining PIPE expenses

Approximately $1.4 million

Included in the post-redemption balance estimate

Historical Context

1 past event · Latest: Sep 10

1 event

1. Sep 10

   Strategic investment

   24h Move

   -2.7%

   Closed a $39.4 million strategic investment and planned to redeem approximately $33.1 million of notes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, warrants, indenture

3 terms

senior notes financial

"all of its outstanding 8.50% Senior Notes due 2026"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

warrants financial

"warrants to purchase up to an aggregate of 1,000,000 shares"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

indenture financial

"delivered in accordance with the indenture and supplemental indenture"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

On October 1, 2026, the Company completed its previously announced privately negotiated exchange pursuant to which the Company issued $2,833,358 aggregate principal amount of its 10.00% Senior Notes due 2030 and warrants to purchase up to an aggregate of 1,000,000 shares of the Company's Class A common stock at an exercise price of $1.87 per share in exchange for $2,793,150 aggregate principal amount of 2026 Notes and accrued and unpaid interest thereon. Following the exchange, $30,345,200 aggregate principal amount of 2026 Notes remains outstanding and is expected to be redeemed in full on October 13, 2026. The Company expects the aggregate amount payable in connection with the redemption to be approximately $30.9 million, consisting of $30,345,200 of principal and approximately $523,000 of accrued and unpaid interest through October 12, 2026.

As of September 30, 2026, the Company had cash and digital assets of approximately $49.2 million, including bitcoin with an estimated fair value of approximately $5.4 million. After giving effect to the anticipated redemption of the 2026 Notes and the payment of approximately $1.4 million of remaining expenses related to the previously announced PIPE transaction, the Company expects to have cash and digital assets of approximately $16.9 million based on preliminary unaudited quarter-end balances. This post-redemption figure does not give effect to operating cash use, other expenses or changes in the value of bitcoin after September 30, 2026.

"The redemption will eliminate our 2026 debt maturity and further strengthen Vulcan's balance sheet," said 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," concluded Mr. Kovler.

About Vulcan Infrastructure and Power Inc.

Vulcan Infrastructure and Power Inc. (Nasdaq: VIP) is a power and infrastructure platform focused on acquiring, developing and operating energized sites that support artificial intelligence and high-performance computing data centers, as well as local electricity grids.

No Offer to Sell or Solicit

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

Redemption Notice

This press release does not constitute a notice of redemption with respect to the 2026 Notes, nor does it constitute an offer to purchase or redeem, or a solicitation of an offer to sell, the 2026 Notes. The redemption of the 2026 Notes is being effected solely pursuant to the notice of redemption delivered in accordance with the indenture and supplemental indenture governing the 2026 Notes. Holders of 2026 Notes should refer to the notice of redemption for complete terms and conditions of the redemption.

Preliminary Financial Information

The financial information presented in this press release is preliminary and unaudited and remains subject to completion of the Company's quarter-end closing and review procedures. Actual results and balances as of, and following, the anticipated redemption date may differ materially from these preliminary amounts. The preliminary financial information in this press release has been prepared by, and is the responsibility of, management. The Company's independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to this preliminary financial information and does not express an opinion or any other form of assurance with respect thereto. This preliminary financial information is not a comprehensive statement of the Company's financial condition as of September 30, 2026 and should not be viewed as a substitute for the interim financial statements to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.

Forward-Looking Statements

This press release includes certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect Vulcan's financial or operating results. These forward-looking statements may be identified by terms such as "anticipate," "believe," "continue," "foresee," "expect," "intend," "plan," "may," "will," "would," "could" and "should," and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this press release include, among other things, statements regarding the expected completion of the redemption of the 2026 Notes, including the timing and aggregate amount of the redemption payment and satisfaction of any conditions to the redemption, the Company's expected cash and digital assets following the redemption and payment of PIPE-related transaction expenses, the Company's preliminary, unaudited estimates as of and for the quarter ended September 30, 2026, progress on predevelopment and customer acquisition efforts with respect to the Company's owned sites, and the Company's future business plan, business strategy and operations. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future are forward-looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to, the matters and factors described in Part I, Item 1A, "Risk Factors" of Vulcan's Annual Report on Form 10-K for the year ended December 31, 2025, as may be amended from time to time, its subsequently filed Quarterly Reports on Form 10-Q and its other filings with the U.S. Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this press release are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements. You should not put undue reliance on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or, if any of them do occur, that the actual results, performance or achievements of Vulcan will not differ materially from the results expressed in or implied by any forward-looking statements. All forward-looking statements speak only as of the date of this press release and, unless otherwise required by U.S. federal securities laws, Vulcan does not assume any duty to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date of this press release.

Investor Contact

FNK IR
Rob Fink or Joey Delahoussaye
IR@VulcanIP.com
312-809-1087

SOURCE: Vulcan Infrastructure and Power Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Vulcan redeem its 8.50% Senior Notes due 2026, and at what price?

Vulcan expects to redeem all remaining notes on October 13, 2026, at 100% of principal plus accrued and unpaid interest to, but excluding, that date. The expected aggregate payment is approximately $30.9 million, including $30,345,200 of principal and approximately $523,000 of interest through October 12.

How much cash and digital assets does Vulcan expect after the note redemption?

Vulcan expects approximately $16.9 million in cash and digital assets after the anticipated redemption and approximately $1.4 million of remaining PIPE transaction expenses. The estimate uses preliminary unaudited September 30 balances and excludes subsequent operating cash use, other expenses and changes in bitcoin value.

Are Vulcan's September 30 cash and digital asset balances final?

The balances are preliminary and unaudited, subject to completion of quarter-end closing and review procedures. Vulcan's independent accounting firm has not audited, reviewed, compiled or performed procedures on this information. It is not a substitute for the interim financial statements in the September 30 quarterly report.