secwatch.observer — SEC 8-K summary
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Issuer:     XPLR Infrastructure, LP (XIFR)
CIK:        0001603145
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001603145-23-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/0001603145-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603145/000160314523000026/nep-20230629.htm
  HTML page:      https://secwatch.observer/filing/0001603145-23-000026

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