InfraREIT, a REIT formed to own electric transmission and distribution assets in Texas, filed on Friday with the SEC to raise up to $400 million in an initial public offering.
The Dallas, TX-based company, which was founded in 2001 and booked $119 million in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol HIFR. InfraREIT initially filed confidentially on May 13, 2014. BofA Merrill Lynch and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
