Summary
This 8-K filing from NextEra Energy, Inc. (NEE) reports on a significant financial transaction involving its wholly-owned subsidiary, NextEra Energy Capital Holdings, Inc. Specifically, the subsidiary completed a remarketing of $1.5 billion in aggregate principal amount of its Series J Debentures due September 1, 2024. These debentures are guaranteed by the parent company, NEE, and were originally issued in 2019 as part of equity units. The primary purpose of this filing is to disclose the successful completion of this remarketing and to update the interest rate on these debentures. The key outcome of this remarketing is the resetting of the annual interest rate on the Series J Debentures to 4.255%. Interest payments will be made semi-annually on March 1 and September 1, with the first payment scheduled for September 1, 2022. This transaction refinances existing debt and provides updated terms for investors holding or considering these debentures. The filing also includes various exhibits related to the legal and financial aspects of the remarketing.
Key Highlights
- 1NextEra Energy Capital Holdings, Inc. successfully remarketed $1.5 billion of Series J Debentures due September 1, 2024.
- 2The Series J Debentures are guaranteed by the parent company, NextEra Energy, Inc. (NEE).
- 3The interest rate on the remarketed debentures was reset to 4.255% per year.
- 4Interest payments will be made semi-annually on March 1 and September 1, commencing September 1, 2022.
- 5These debentures were originally issued in August 2019 as components of equity units.
- 6The filing serves to report the completion of the remarketing and associated updated terms.