NextEra Energy Partners Cash Tender Offer
Davis Polk advised the sole dealer manager in connection with a cash tender offer by Genesis Purchaser, LLC, an indirect subsidiary of NextEra Energy Partners, LP, for all of Genesis Solar Funding, LLC’s 5.600% senior secured notes due 2038.
NextEra Energy Partners is a growth-oriented limited partnership. NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in wind and solar projects in the United States, as well as natural gas infrastructure assets in Texas. Genesis Solar Funding is the indirect parent of the owner and operator of a 250-megawatt solar thermal generation facility in Riverside County, California.
The Davis Polk corporate team included partner Derek Dostal and associate Heita Miki. Partner William A. Curran provided tax advice. All members of the Davis Polk team are based in the New York office.