Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item |
NextEra Energy draws $530 million on revolving facility, quickly repays $320 million
By Wendy Van Sickle
Columbus, Ohio, July 6 – NextEra Energy Partners, LP indirect subsidiary NextEra Energy US Partners Holdings, LLC drew $530 million under an existing revolving credit facility on June 29, then repaid about $320 million under the revolver on July 6, according to an 8-K filing with the Securities and Exchange Commission.
The borrowings were used to fund the acquisition of a portfolio of wind and solar generation facilities with a combined generating capacity of approximately 688 megawatts for a cash consideration of approximately $566 million, plus working capital of $32 million and the assumption of debt and related interest rate swaps of approximately $142 million.
After Thursday’s repayment, the outstanding balance of the revolver is about $290 million.
NextEra Energy is an energy company based in Juno Beach, Fla.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.