XIFR 8-K
XPLR Infrastructure, LP (XIFR)
8-K
2023-10-04
For: 2023-09-28
View Original
Added on
April 04, 2026
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported: September 28, 2023
Commission File Number | Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number | IRS Employer Identification Number | ||||||||||||
(561 ) 694-4000
State or other jurisdiction of incorporation or organization: Delaware
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 2 - FINANCIAL INFORMATION
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant
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 to fund, along with cash on hand, the purchase of 25% of the originally issued Class B membership interests in South Texas Midstream, LLC (STX Midstream), NEP’s subsidiary which owns natural gas pipeline assets located in Texas, on September 29, 2023 for approximately $201 million. This funding brings the total buyout of the originally issued Class B membership interests in STX Midstream to 75%. As of October 4, 2023, the outstanding balance under the revolving credit facility is approximately $545 million.
NEP intends to sell its Texas natural gas pipeline assets and expects to use a portion of the proceeds from the sale to pay down the draw under the NEP US Holdings revolving credit facility described above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: October 4, 2023
NEXTERA ENERGY PARTNERS, LP | |||||
| (Registrant) | |||||
| JAMES M. MAY | |||||
James M. May Controller and Chief Accounting Officer | |||||