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NextEra Energy logoNextEra Energy NEE

NextEra Energy said its wholly owned subsidiary, NextEra Energy Capital Holdings (NEECH), sold Series S Junior Subordinated Debentures $1.5 billion and Series T Junior Subordinated Debentures $1 billion on February 6, 2025.

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

Key points

AI summary
  1. NextEra Energy said its wholly owned subsidiary, NextEra Energy Capital Holdings (NEECH), sold Series S Junior Subordinated Debentures $1.5 billion and Series T Junior Subordinated Debentures $1 billion on February 6, 2025.

  2. The company said the Series S Junior Subordinated Debentures, due August 15, 2055, bear interest at 6.375% until August 15, 2030, and thereafter at the Five-Year Treasury Rate plus 2.053%, reset every 5 years.

  3. It said the Series T Junior Subordinated Debentures bear interest at 6.50% until August 15, 2035, and thereafter at the Five-Year Treasury Rate plus 1.979%, reset every 5 years, and that the interest rate for each series will not reset below its initial rate.

  4. NextEra Energy added that NEECH may redeem some or all of the Series S debentures beginning in May 2030 and the Series T debentures beginning in May 2035, during specified periods, and that NextEra Energy guarantees the debentures on a subordinated basis.

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.

NEECH sells Series S $1.5 billion and Series T $1 billion junior subordinated debentures

NextEra Energy said its wholly owned subsidiary, NextEra Energy Capital Holdings (NEECH), sold Series S Junior Subordinated Debentures $1.5 billion and Series T Junior Subordinated Debentures $1 billion on February 6, 2025.

Source · Based on the filing body and exhibits

Series S debentures carry 6.375% rate, then reset every 5 years

The company said the Series S Junior Subordinated Debentures, due August 15, 2055, bear interest at 6.375% until August 15, 2030, and thereafter at the Five-Year Treasury Rate plus 2.053%, reset every 5 years.

Source · Based on the filing body and exhibits

Series T debentures carry 6.50% rate, with initial-rate floor

It said the Series T Junior Subordinated Debentures bear interest at 6.50% until August 15, 2035, and thereafter at the Five-Year Treasury Rate plus 1.979%, reset every 5 years, and that the interest rate for each series will not reset below its initial rate.

Source · Based on the filing body and exhibits

Redemption terms and NextEra Energy subordinated guarantee

NextEra Energy added that NEECH may redeem some or all of the Series S debentures beginning in May 2030 and the Series T debentures beginning in May 2035, during specified periods, and that NextEra Energy guarantees the debentures on a subordinated basis.

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.