NextEra Energy said on Tuesday, June 20, 2024, that it sold $2.0 billion of equity units (initially consisting of Corporate Units) to Wells Fargo Securities, LLC and BofA Securities, Inc.

1. 01

   NextEra Energy said on Tuesday, June 20, 2024, that it sold $2.0 billion of equity units (initially consisting of Corporate Units) to Wells Fargo Securities, LLC and BofA Securities, Inc.

2. 02

   The company said each equity unit was issued with a stated amount of $50 and consists of a stock purchase contract for NEE common stock and, initially, a 5% undivided beneficial ownership interest in a $1,000 Series N Debenture due June 1, 2029 issued by NextEra Energy Capital Holdings, Inc. (NEECH).

3. 03

   The company said that in about 3 years, each stock purchase contract will require the holder to buy NEE common stock for cash at a price per share in the range of $72.31 to $90.38, and that the purchase must be completed no later than June 1, 2027.

4. 04

   The company said total annual distributions on the equity units are at a rate of 7.299%, consisting of interest on the debentures and payments under the stock purchase contracts. It said holders may satisfy their purchase obligations with proceeds from a successful remarketing of the NEECH debentures that are a component of the equity units. It also said the debentures are guaranteed by NEE.

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Original filing

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