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.

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