NextEra Energy said it sold $1.5 billion of equity units (initially consisting of Corporate Units) to J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Goldman Sachs & Co. LLC on October 31, 2024.

1. 01

   NextEra Energy said it sold $1.5 billion of equity units (initially consisting of Corporate Units) to J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Goldman Sachs & Co. LLC on October 31, 2024.

2. 02

   The company said equity unit holders will be required to purchase NextEra common stock for cash in approximately 3 years, at a price per share range of $82.87 to $103.58. The purchase must be completed no later than November 1, 2027.

3. 03

   The company said each equity unit consists of a stock purchase contract and an initial 5% undivided beneficial ownership interest in a Series O Debenture due November 1, 2029, with a principal amount of $1,000 issued by NextEra Energy Capital Holdings, Inc. (NEECH). It said total annual distributions on the equity units are at a rate of 7.234%.

4. 04

   The company 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. Upon settlement of the stock purchase contract, NextEra Energy will receive cash and issue the required number of its common shares. The debentures are guaranteed by NextEra Energy.

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Original filing

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