---
schema_version: "secwatch.filing_event.v1"
accession: "0001603145-23-000036"
form_type: "8-K"
ticker: "XIFR"
cik: "0001603145"
company_name: "XPLR Infrastructure, LP"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:49:32.335964+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NEP US Holdings draws $140M revolver to fund STX Midstream Class B buyout; total buyout now 75%

## Summary
- 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.

## SEC filing metadata
- accession: 0001603145-23-000036
- form_type: 8-K
- ticker: XIFR
- cik: 0001603145
- company_name: XPLR Infrastructure, LP
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000036/0001603145-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000036/nep-20230928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603145-23-000036
- JSON: https://secwatch.observer/filing/0001603145-23-000036.json
- Plain text: https://secwatch.observer/filing/0001603145-23-000036.txt

## Key facts
- Debt Financings
  XPLR Infrastructure, LP incurred revolving credit of $140 million.
  - Instrument: revolving credit
  - Principal: $140 million
  - Event: incurrence
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314523000036/0001603145-23-000036-index.htm

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