Summary
NextEra Energy, Inc. (NEE), through its wholly-owned subsidiary NextEra Energy Capital Holdings, Inc., has completed the remarketing of $2.0 billion in aggregate principal amount of its Series L Debentures due September 1, 2025. This transaction, finalized on August 10, 2023, involved resetting the interest rate on these debentures to 5.749% per year, with interest payments to be made semi-annually starting September 1, 2023. These Series L Debentures were originally issued in September 2020 as part of equity units. The guarantee by NEE remains in place. This filing serves to report the relevant documentation related to this remarketing event, including officer's certificates and legal opinions from counsel. Investors should note that this event primarily impacts the debt structure and financing costs of the subsidiary, which is ultimately backed by NEE.
Key Highlights
- 1Completion of a $2.0 billion remarketing of Series L Debentures due September 1, 2025, by NextEra Energy Capital Holdings, Inc.
- 2The interest rate on the Series L Debentures has been reset to 5.749% per year.
- 3Interest payments will be made semi-annually on March 1 and September 1, commencing September 1, 2023.
- 4The debentures are guaranteed by NextEra Energy, Inc. (NEE).
- 5The Series L Debentures were originally issued in September 2020 as components of equity units.
- 6The filing reports key documents related to the remarketing, including legal opinions and officer's certificates.