XPLR Infrastructure, LP
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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Jun 30, 2025 · Filed Aug 7, 2025
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Item 5. Other Information
(a) On August 5, 2025, Clark Portfolio Holdings, LLC (Clark Holdings), an indirect subsidiary of XPLR, amended its limited-recourse senior secured variable rate term loan facility maturing in June 2030 and increased the total capacity from approximately $254 million to $532 million. Interest on the loan is based on an underlying index plus a specified margin, payable quarterly beginning in September 2025, and the principal is partially amortizing on a semi-annual basis beginning in December 2025. As of August 7, 2025, approximately $254 million is outstanding and additional borrowings are subject to specified conditions. The loan is secured by all of the assets of, and the equity interests in, Clark Holdings and its subsidiaries, which is expected to include renewable energy projects with a combined net generating capacity of approximately 488 MW. The loan agreement contains default and related acceleration provisions for the failure to make required payments, failure to comply with certain covenants, certain bankruptcy related events, and other actions by Clark Holdings or other parties as specified in the loan agreement.
Also on August 5, 2025, Lewis Portfolio Holdings, LLC (Lewis Holdings), an indirect subsidiary of XPLR, amended its limited-recourse senior secured variable rate term loan facility maturing in June 2030 and increased the total capacity from $172 million to $515 million. Interest on the loan is based on an underlying index plus a specified margin, payable quarterly beginning in September 2025, and the principal is partially amortizing on a semi-annual basis beginning in December 2025. As of August 7, 2025, approximately $84 million is outstanding and additional borrowings are subject to specified conditions. The loan is secured by all of the assets of, and the equity interests in, Lewis Holdings and its subsidiaries, which is expected to include renewable energy projects with a combined net generating capacity of approximately 989 MW. The loan agreement contains default and related acceleration provisions for the failure to make required payments, failure to comply with certain covenants, certain bankruptcy related events, and other actions by Lewis Holdings or other parties as specified in the loan agreement.
(c) During the three months ended June 30, 2025, no director or officer of XPLR adopted orterminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.
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