June 5, 2017 - 4:44 PM EDT
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InfraREIT's Subsidiary Closes New Senior Secured Term Loan

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


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/infrareits-subsidiary-closes-new-senior-secured-term-loan-300468759.html


Source: PR Newswire (June 5, 2017 - 4:44 PM EDT)

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