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 unit draws $140 million from revolver
By William Gullotti
Buffalo, N.Y., Oct. 4 – NextEra Energy Partners, LP indirect subsidiary NextEra Energy US Partners Holdings, LLC drew $140 million under an existing revolving credit facility on Sept. 28, according to an 8-K filing with the Securities and Exchange Commission.
The borrowings were used with cash on hand Sept. 29 to fund the purchase of 25% of the originally issued class B membership interests in South Texas Midstream, LLC, another NextEra subsidiary which owns natural gas pipeline assets in Texas.
The transaction was for approximately $201 million.
The total buyout brings the total buyout of said membership interests to 75%.
As of Wednesday, approximately $545 million was outstanding under the revolver.
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.