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8-K: Current report

SEC ·  Jun 21 04:39

Summary by Futu AI

On June 20, 2024, NextEra Energy (NEE) sold $2 billion of equity units to Wells Fargo Securities and BofA Securities. Each $50 unit consists of a stock purchase contract and a 5% ownership interest in a Series N Debenture due June 1, 2029, issued by NextEra Energy Capital Holdings (NEECH). The equity units offer a 7.299% annual distribution rate.The stock purchase contracts require holders to buy NEE common stock by June 1, 2027, at a price range of $72.31 to $90.38 per share. Holders may use proceeds from a potential remarketing of the NEECH debentures to fulfill their purchase obligations. NEE guarantees the debentures, which are registered under the Securities Act of 1933.The company filed this Form 8-K to report related documents as exhibits, including legal opinions from Squire Patton Boggs and Morgan, Lewis & Bockius regarding the equity units.
On June 20, 2024, NextEra Energy (NEE) sold $2 billion of equity units to Wells Fargo Securities and BofA Securities. Each $50 unit consists of a stock purchase contract and a 5% ownership interest in a Series N Debenture due June 1, 2029, issued by NextEra Energy Capital Holdings (NEECH). The equity units offer a 7.299% annual distribution rate.The stock purchase contracts require holders to buy NEE common stock by June 1, 2027, at a price range of $72.31 to $90.38 per share. Holders may use proceeds from a potential remarketing of the NEECH debentures to fulfill their purchase obligations. NEE guarantees the debentures, which are registered under the Securities Act of 1933.The company filed this Form 8-K to report related documents as exhibits, including legal opinions from Squire Patton Boggs and Morgan, Lewis & Bockius regarding the equity units.

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