We present a coinductive framework for defining and reasoning about the infinitary analogues of equational logic and term rewriting in a uniform way. We define Equation found, the infinitary extension of a given equational theory =R, and →∞, the standard notion of infinitary rewriting associated to a reduction relation →R, as follows: (Formula Presented) Equation found Here μ and ν are the least and greatest fixed-point operators, respectively, and (Formula Presented) Equation found The setup captures rewrite sequences of arbitrary ordinal length, but it has neither the need for ordinals nor for metric convergence. This makes the framework especially suitable for formalizations in theorem provers.