secwatch.observer — SEC 8-K summary
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Issuer:     XPLR Infrastructure, LP (XIFR)
CIK:        0001603145
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001603145-22-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 8.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextEra Energy Partners draws $775M revolver; issues $500M of 2.50% convertible notes due 2026
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- Drew $775M under revolver on Dec 9, 2022; outstanding balance now $920M. Proceeds for renewable acquisition closing.
- Issued $500M in 2.50% convertible senior notes due June 15, 2026; net proceeds ~$488.8M after discount.
- Initial conversion price ~$94.93 per unit (20% premium); capped calls raise effective conversion price to ~$118.67 (50% premium).
- Used $31.1M of note proceeds for capped call transactions; notes are unsecured and guaranteed by NEP OpCo.
- Entered registration rights agreement to register common units issuable upon conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603145/000160314522000051/0001603145-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603145/000160314522000051/nep-20221207.htm
  HTML page:      https://secwatch.observer/filing/0001603145-22-000051

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