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NextEra Reaches Pact With Lenders on Funding Oncor Buy

  • Utility owner sees funding $9.5 billion for debt repayment
  • Credit Suisse, Bank of America, lead list of lenders
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NextEra Energy Inc.. has reached agreement with financial institutions on its bid to buy Energy Future Holdings Corp.’s Oncor Electric Delivery Co. utility in Texas.

As part of the transaction, NextEra plans to fund $9.5 billion, primarily for the repayment of about all of the Energy Future Intermediate Holding Company debt, NextEra said in a statement Monday.