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NextEra Energy Partners, LP announces agreement to upsize its existing 2020 convertible equity portfolio financing by $150 million
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JUNO BEACH, Fla., May 17, 2021 /PRNewswire/ NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an amended agreement to upsize by $150 million its existing convertible equity portfolio financing with KKR (the Investor), through its core infrastructure strategy. NextEra Energy Partners originally entered into the 10-year convertible equity portfolio financing in November 2020. The agreement announced today demonstrates the continued robust private infrastructure demand for the high-quality assets in NextEra Energy Partners portfolio and our strong continued relationship with KKR, which is providing us with an attractive low-cost source of capital, said Jim Robo, chairman and chief executive officer. This is a terrific source of capital for NextEra Energy Partner