NextEra Energy draws down $775 million under revolving facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – NextEra Energy Partners, LP indirect subsidiary NextEra Energy US Partners Holdings, LLC drew $775 million under an existing revolving credit facility, resulting in an outstanding balance of $920 million on Dec. 9, according to an 8-K filing with the Securities and Exchange Commission.

The revolver draw was made to ensure sufficient cash is on hand for the closing of NextEra Energy Partners' previously announced acquisition of a 1,080-megawatt net interest in a renewable portfolio pending receipt of funding under the related membership interest purchase agreement.

NextEra Energy is an energy company based in Juno Beach, Fla.

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