2016 INTERACTIVE ANNUAL REPORT

InfraREIT's Subsidiary Closes New Senior Secured Term Loan

June 5, 2017

DALLAS, June 5, 2017 /PRNewswire/ -- InfraREIT, Inc. (NYSE: HIFR) ("InfraREIT" or the "Company") announced that its subsidiary, Sharyland Distribution & Transmission Services, L.L.C. ("SDTS"), has closed a new $200 million senior secured term loan credit facility.

InfraREIT, Inc. Logo. (PRNewsFoto/InfraREIT, Inc.)

The new $200 million senior secured term loan will mature on June 5, 2020. The pricing of the term loan is LIBOR plus 125 basis points for LIBOR-based loans or a base rate plus 25 basis points for base-rate loans, at SDTS's discretion.

The Company intends to use the proceeds from the term loan facility for general corporate purposes and to refinance the outstanding $177 million balance on the SDTS revolving credit facility.

Canadian Imperial Bank of Commerce ("CIBC") and Mizuho Bank, Ltd. served as the arrangers and lenders for the transaction. CIBC serves as the administrative agent for the facility.

About InfraREIT, Inc.
InfraREIT is a real estate investment trust that owns rate-regulated electric transmission and distribution assets in the state of Texas. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc. (a diversified holding company based in Dallas, Texas and managed by the Ray L. Hunt family), and the Company's shares are traded on the New York Stock Exchange under the symbol "HIFR".  Additional information on InfraREIT is available at www.InfraREITInc.com.

Forward-Looking Statements
This press release contains "forward-looking statements" that state InfraREIT's or its management's intentions, beliefs, expectations or predictions of the future, which by their nature, involve known and unknown risks and uncertainties.  Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.  This press release speaks only as of the date hereof, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

For additional information, contact:




For Investors:

Brook Wootton


Vice President, Investor Relations


InfraREIT, Inc., 214-855-6748



For Media:

Jeanne Phillips


Senior Vice President, Corporate Affairs & International Relations


Hunt Consolidated, Inc., 214-978-8534

 

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SOURCE InfraREIT, Inc.

The information provided on these pages includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future results and performance in our most recent prospectus and other SEC filings. InfraREIT, Inc. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments.

InfraREIT, Inc. makes no claims concerning the accuracy of the information provided on these pages, and will not be held liable for any use of this information. Note: Historical and current stock price performance data is not necessarily indicative of future performance.