NextEra Energy Partners, LP (Juno Beach, Florida, U.S.), a YieldCo formed by NextEra Energy, on May 7th, 2015 announced that it has entered into a definitive securities purchase agreement with certain eligible purchasers for the purchase of a total of 2,594,948 common units representing limited partnership interests in NextEra Energy Partners for an aggregate purchase price of approximately USD 109 million, or USD 41.87 per common unit, the closing price of NextEra Energy Partners' common units on May 6th, 2015.
NextEra Energy Partners also announced that its wholly owned indirect subsidiary, NextEra Energy US Holdings Partners, LLC, as borrower, has executed a USD 313 million one-year U.S. term loan facility.
NextEra Energy Partners intends to use the net proceeds from the private placement of common units and term loan to fund the approximately USD 412 million purchase price, which is subject to working capital and other adjustments, for its previously announced agreement to acquire approximately 664 megawatts of operating renewable power generation assets from the sponsor, NextEra Energy Resources, LLC, and for other general purposes.
2015-05-08 | Courtesy: NextEra Energy Partners, LP | solarserver.com © Heindl Server GmbH
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