---
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"
generated_at: "2026-06-13T11:52:52.187472+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NEP indirect subsidiary closes $330M term loan for 688 MW renewable acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603145-23-000026
- JSON: https://secwatch.observer/filing/0001603145-23-000026.json
- Plain text: https://secwatch.observer/filing/0001603145-23-000026.txt

## Key facts
- Debt Financings
  XPLR Infrastructure, LP incurred loan of approximately $142 million.
  - Instrument: loan
  - Principal: approximately $142 million
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm
- Debt Financings
  XPLR Infrastructure, LP incurred term loan of approximately $330 million at based on an index rate plus a specified margin maturing June 2028.
  - Instrument: term loan
  - Principal: approximately $330 million
  - Rate: based on an index rate plus a specified margin
  - Maturity: June 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm
- Debt Financings
  XPLR Infrastructure, LP incurred revolving credit of $530 million.
  - Instrument: revolving credit
  - Principal: $530 million
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm

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