debt
confidence high
sentiment neutral
materiality 0.55
NEP prices $750M 7.25% senior unsecured notes due 2029 to refinance near-term debt
XPLR Infrastructure, LP
- $750M principal of 7.25% senior unsecured notes due Jan 15, 2029, issued by NEP OpCo.
- Net proceeds ~$740M after discount and expenses; closing expected Dec 15, 2023.
- Proceeds to repay 4.25% senior notes due July 2024 and Sept 2024, plus revolver borrowings.
- Notes guaranteed by NextEra Energy Partners, LP and NEP US Holdings on senior unsecured basis.
- Offering is private (Rule 144A/Reg S), not registered under Securities Act.