Summary
NextEra Energy Inc. (NEE), through its subsidiary Mountain Prairie Wind, LLC, has issued approximately $305 million in limited-recourse senior secured notes. These notes carry a 6.56% interest rate and mature in March 2030, with semi-annual principal and interest payments. The primary use of the proceeds is to partially reimburse NextEra Energy Resources for its capital contributions towards the development and construction of two wind generation facilities in North Dakota and Oklahoma, totaling approximately 273 megawatts of generating capability.
Key Highlights
- 1Issuance of $305 million in 6.56% limited-recourse senior secured notes by Mountain Prairie Wind, LLC.
- 2Notes mature in March 2030, with semi-annual payments.
- 3Proceeds will partially reimburse capital contributions for two new wind generation facilities.
- 4Facilities are located in North Dakota and Oklahoma, with a combined capacity of approximately 273 megawatts.
- 5The notes are secured by liens on the wind generating facilities and related assets.
- 6This financing structure is limited-recourse, meaning the debt is primarily tied to the project's assets.