secwatch.observer — SEC 8-K summary
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Issuer:     XPLR Infrastructure, LP (XIFR)
CIK:        0001603145
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001603145-23-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603145/000160314523000036/0001603145-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603145/000160314523000036/nep-20230928.htm
  HTML page:      https://secwatch.observer/filing/0001603145-23-000036

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