XPLR Infrastructure, LP (XIFR): debt financing — NEP US Holdings draws $140M revolver to fund STX Midstream Class B buyout; total buyout now 75%

XPLR Infrastructure, LP

Drew $140M under existing revolver on Sept 28, 2023 to fund purchase of 25% Class B interests in STX Midstream.
Purchase price for the 25% stake was ~$201M, combined with cash on hand.
Total buyout of originally issued Class B interests in STX Midstream now 75%.
As of Oct 4, outstanding revolver balance is ~$545M.
NEP intends to sell Texas natural gas pipeline assets and use proceeds to repay the draw.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

XPLR Infrastructure, LP incurred revolving credit of $140 million.

Instrument: revolving credit
Principal: $140 million
Event: incurrence

Exact text from the filing

On September 28, 2023, NextEra Energy US Partners Holdings, LLC (NEP US Holdings), an indirect subsidiary of NextEra Energy Partners, LP (NEP), drew $140 million under an existing revolving credit facility

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XPLR Infrastructure, LP filing history →

Source: SEC EDGAR

accession 0001603145-23-000036

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