{"schema_version":"secwatch.filing_event.v1","accession":"0001603145-23-000026","form_type":"8-K","ticker":"XIFR","cik":"0001603145","company_name":"XPLR Infrastructure, LP","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.514109+00:00","generated_at":"2026-06-13T11:52:52.187472+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NEP indirect subsidiary closes $330M term loan for 688 MW renewable acquisition","bullets":["Acquired 688 MW wind/solar portfolio for $566M cash, plus $142M assumed debt and $165M noncontrolling interests.","Drew $530M under revolving credit facility to partly fund the acquisition.","Borrowed $330M term loan (2028 maturity, variable rate) to repay portion of revolver.","Term loan is secured by assets and equity of borrower's subsidiaries owning 492 MW projects.","Entered interest rate swap to hedge term loan interest payments."],"urls":{"canonical":"https://secwatch.observer/filing/0001603145-23-000026","json":"https://secwatch.observer/filing/0001603145-23-000026.json","markdown":"https://secwatch.observer/filing/0001603145-23-000026.md","text":"https://secwatch.observer/filing/0001603145-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/nep-20230629.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:52:52.187472+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3471632c34b9c01a46e713c3b0ad40a666a69c6d","claim":"XPLR Infrastructure, LP incurred loan of approximately $142 million.","evidence_excerpt":"On June 29, 2023, an indirect subsidiary of NextEra Energy Partners, LP (NEP) completed the previously announced acquisition of a portfolio of wind and solar generation facilities with a combined generating capacity of approximately 688 megawatts (MW) for cash consideration of approximately $566 million, plus working capital of $32 million (subject to post-closing working capital and other adjustments) and the assumption of debt and related interest rate swaps of approximately $142 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"approximately $142 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"436c28b8e3bbc54f0cd9af1cf6a73008dc65e06e","claim":"XPLR Infrastructure, LP incurred term loan of approximately $330 million at based on an index rate plus a specified margin maturing June 2028.","evidence_excerpt":"On June 30, 2023, Whiptail-Montezuma Holdings, LLC (the borrower), an indirect subsidiary of NEP which was part of the above acquisition, borrowed approximately $330 million under a limited-recourse senior secured variable rate term loan to provide funds to repay a portion of the amount outstanding under the revolving credit facility on July 6th. The term loan matures in June 2028 and bears interest based on an index rate plus a specified margin with interest payable quarterly.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $330 million"},{"label":"Rate","value":"based on an index rate plus a specified margin"},{"label":"Maturity","value":"June 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7623e1f206556898be6585c38ca752fabcaf5ae1","claim":"XPLR Infrastructure, LP incurred revolving credit of $530 million.","evidence_excerpt":"Also on June 29, 2023, NextEra Energy US Partners Holdings, LLC (NextEra US Holdings), an indirect subsidiary of NEP, drew $530 million under an existing revolving credit facility, which was used, in part, to fund the above acquisition.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$530 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}