---
schema_version: "secwatch.filing_event.v1"
accession: "0001603145-22-000053"
form_type: "8-K"
ticker: "XIFR"
cik: "0001603145"
company_name: "XPLR Infrastructure, LP"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:50:33.717689+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NEP closes $710M initial sale of 69% Class B interests in NEP Renewables IV to OTPP

## Summary
- Initial funding of ~$710M for ~69% noncontrolling Class B membership interests in NEP Renewables IV.
- Final funding of ~$178M for additional ~17% Class B interests expected by Q3 2023.
- NEP has buyout option from 5th to 10th anniversary at fixed pre-tax annual return of ~6.9%.
- If no minimum buyout by 6.5 years, OTPP's distribution allocation rises to 99%.
- Buyout may be paid in NEP non-voting common units at market price, cash, or a combination.

## SEC filing metadata
- accession: 0001603145-22-000053
- form_type: 8-K
- ticker: XIFR
- cik: 0001603145
- company_name: XPLR Infrastructure, LP
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603145/000160314522000053/0001603145-22-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603145/000160314522000053/nep-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603145-22-000053
- JSON: https://secwatch.observer/filing/0001603145-22-000053.json
- Plain text: https://secwatch.observer/filing/0001603145-22-000053.txt

## Key facts
- Material Agreements
  XPLR Infrastructure, LP entered into LLC Agreement with an affiliate of the Ontario Teachers' Pension Plan Board (OTPP) valued at approximately $710 million (effective 2022-12-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an affiliate of the Ontario Teachers' Pension Plan Board (OTPP)
  - Value: approximately $710 million
  - Effective: 2022-12-15
  source text: and NEP, NEP Renewables Holdings IV, and OTPP entered into the amended and restated limited liability company agreement of NEP Renewables IV (LLC Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314522000053/0001603145-22-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.