NextEra Energy said its subsidiary NextEra Energy Capital Holdings (NEECH) issued $1.0 billion of 3.00% Exchangeable Senior Notes due 2027 on March 1, 2024, with net proceeds of about $990 million after deducting the initial purchasers' discounts.

1. 01

   NextEra Energy said its subsidiary NextEra Energy Capital Holdings (NEECH) issued $1.0 billion of 3.00% Exchangeable Senior Notes due 2027 on March 1, 2024, with net proceeds of about $990 million after deducting the initial purchasers' discounts.

2. 02

   The company said the notes bear interest at 3.00% per year, payable semi-annually in arrears on March 1 and September 1 of each year, with the first payment on September 1, 2024, and that they mature on March 1, 2027.

3. 03

   The company said the initial exchange rate is 14.6927 shares of NEE common stock per $1,000 principal amount of notes, equal to an initial exchange price of about $68.06 per share, a premium of about 22.5% above the $55.56 closing price of NEE common stock on February 27, 2024.

4. 04

   The company said NEECH used $52 million of the net proceeds from the notes to pay the costs of capped call transactions NEE entered into with certain financial institutions, with an aggregate notional amount of about $1.0 billion, an initial strike price of $68.06 and a cap price of $83.34.

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