other material
confidence high
sentiment neutral
materiality 0.55
NextEra Energy Partners establishes $500M at-the-market common unit offering program
XPLR Infrastructure, LP
- NEP may sell up to $500M of common units through an ATM program with nine agents.
- Agents include Barclays, BofA, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, Scotia, Truist, and Wells Fargo.
- Units will be issued under NEP's existing S-3 shelf registration (No. 333-270508).
- Program effective March 29, 2023; sales occur from time to time at market prices.
- Potential dilution for existing unitholders depending on number of units sold.