InPlay Oil Corp. Completes $242 Million Bond Offering

Executive Summary

• InPlay Oil Corp. completed a senior unsecured bond offering of NIS 550 million (CAD $242 million) at a 6.23% annual interest rate, maturing December 15 2030.
• The bonds and the company’s common shares began trading on the Tel Aviv Stock Exchange under symbols IPO and IPO.B1 on the same day.
• Net proceeds will be used to repay a $110 million term loan, partially reduce drawdowns on a $190 million revolving credit facility, cover transaction expenses and for general corporate purposes.

Key Details

• Offering Size: NIS 550 million (approximately CAD $242 million).
• Interest Rate: 6.23% per annum, payable semi‑annually.
• Maturity: December 15 2030; amortization payments of 6% of principal due on Dec 15 2027, 2028 and 2029.
• Listing: Bonds listed on the Tel Aviv Stock Exchange (TASE) under ticker IPO.B1; common shares listed under ticker IPO, both commencing trade on Feb 11 2026.
• Use of Proceeds:
• Repay $110 million two‑year amortizing term loan (CAD $93.0 million as of Dec 31 2025).
• Temporarily reduce, on a non‑permanent basis, amounts drawn under the $190 million revolving credit facility (CAD $129.1 million as of Dec 31 2025).
• Pay transaction expenses and/or for general corporate purposes.
• Early Redemption: Company may redeem all or part of the bonds at its discretion no earlier than 60 days after TASE listing, subject to certain conditions.
• Currency Hedging: InPlay intends to hedge exposure to CAD/NIS exchange rate fluctuations.

Notable Quotes

(No executive quotes were provided in the release.)