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NextEra Energy logoNextEra Energy NEE

The company said NextEra Energy Capital Holdings, Inc. (NEECH), a wholly owned subsidiary, sold $1.0 billion principal amount of Series Q Junior Subordinated Debentures on March 1, 2024. The debentures mature on September 1, 2054.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said NextEra Energy Capital Holdings, Inc. (NEECH), a wholly owned subsidiary, sold $1.0 billion principal amount of Series Q Junior Subordinated Debentures on March 1, 2024. The debentures mature on September 1, 2054.

  2. The company said the Junior Subordinated Debentures bear interest at 6.70% until September 1, 2029, and thereafter at the Five-Year Treasury Rate plus 2.364%, reset every 5 years.

  3. The company said NEECH may redeem some or all of the Junior Subordinated Debentures at its option during specified periods beginning in June 2029. NEE guarantees the debentures on a subordinated basis.

  4. The company said the debentures were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-254632, 333-254632-01 and 333-254632-02. The 8-K was filed to furnish documents related to the sale as exhibits, including opinions and consents from Squire Patton Boggs (US) LLP and Morgan, Lewis & Bockius LLP.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

NextEra Energy Capital Holdings Sells $1.0 billion Subordinated Debentures

The company said NextEra Energy Capital Holdings, Inc. (NEECH), a wholly owned subsidiary, sold $1.0 billion principal amount of Series Q Junior Subordinated Debentures on March 1, 2024. The debentures mature on September 1, 2054.

Source · Based on the filing body and exhibits

6.70% Rate and Reset After 2029

The company said the Junior Subordinated Debentures bear interest at 6.70% until September 1, 2029, and thereafter at the Five-Year Treasury Rate plus 2.364%, reset every 5 years.

Source · Based on the filing body and exhibits

NEECH Early Redemption Option and NEE Subordinated Guarantee

The company said NEECH may redeem some or all of the Junior Subordinated Debentures at its option during specified periods beginning in June 2029. NEE guarantees the debentures on a subordinated basis.

Source · Based on the filing body and exhibits

Securities Act Registration and Legal Opinions Filed

The company said the debentures were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-254632, 333-254632-01 and 333-254632-02. The 8-K was filed to furnish documents related to the sale as exhibits, including opinions and consents from Squire Patton Boggs (US) LLP and Morgan, Lewis & Bockius LLP.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.