8-KOther EventsExhibits & Filings

NEXTERA ENERGY INC 8-K Report, Corporate Update (May 7, 2015)

Filed May 7, 2015For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

Summary

NextEra Energy, Inc. (NEE) announced through its wholly-owned subsidiary, NextEra Energy Capital Holdings, Inc., the successful completion of a remarketing for $600 million aggregate principal amount of its Series E Debentures due June 1, 2017. These debentures were originally issued in May 2012 as components of equity units. The primary impact for investors is the reset of the interest rate on these debentures to a lower 1.586% per year, with semi-annual interest payments commencing June 1, 2015. This transaction effectively refinances a portion of NEE's debt at a more favorable interest rate, which could positively impact the company's net interest expense. The filing also includes various exhibits related to the debenture remarketing, such as an officer's certificate and legal opinions from counsel, providing transparency on the terms and conditions of the debt offering.

Key Highlights

  • 1NextEra Energy Capital Holdings, Inc. completed a $600 million remarketing of Series E Debentures due June 1, 2017.
  • 2The remarketing successfully lowered the annual interest rate on the debentures to 1.586%.
  • 3Interest payments will be made semi-annually on June 1 and December 1, starting June 1, 2015.
  • 4The debentures are guaranteed by the parent company, NextEra Energy, Inc. (NEE).
  • 5This event represents a refinancing of debt originally issued in May 2012 as part of equity units.
  • 6The filing includes supporting legal and procedural documentation for the remarketing.

Frequently Asked Questions

The main financial impact is a reduction in the interest rate on $600 million of debt, from what it was prior to the remarketing to 1.586% per year. This lower interest cost could reduce the company's overall interest expense.

The Series E Debentures are a form of debt issued by NextEra Energy Capital Holdings, Inc. They were originally part of equity units issued by NextEra Energy, Inc. (NEE) in May 2012. The debentures are guaranteed by NEE.

Interest will be paid semi-annually on June 1 and December 1 of each year, with the first payment due on June 1, 2015. The new interest rate is 1.586% per year.

NEE filed this 8-K report to officially announce the completion of the debenture remarketing and to provide investors with the necessary supporting documentation, such as legal opinions and certificates, related to this debt transaction.