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8-K: NextEra Energy, Inc. Sold $1.5 Billion of Equity Units

SEC ·  Nov 1 03:10

Summary by Futu AI

On October 31, 2024, NextEra Energy (NEE) sold $1.5 billion of equity units to J.P. Morgan Securities, Mizuho Securities USA, and Goldman Sachs & Co. The units, initially consisting of Corporate Units, include a contract to purchase NEE common stock and a 5% ownership interest in Series O Debentures due November 1, 2029, issued by NextEra Energy Capital Holdings (NEECH).The equity units offer a 7.234% annual distribution rate, combining interest on debentures and stock purchase contract payments. Holders must complete the stock purchase by November 1, 2027, with a price range of $82.87 to $103.58 per share. They may use proceeds from a potential remarketing of NEECH debentures to fulfill their purchase obligations.NEE will receive cash and issue common stock upon settlement. The debentures are NEE-guaranteed, and the equity units were registered under the Securities Act of 1933. This sale strengthens NEE's capital position and provides future equity funding.
On October 31, 2024, NextEra Energy (NEE) sold $1.5 billion of equity units to J.P. Morgan Securities, Mizuho Securities USA, and Goldman Sachs & Co. The units, initially consisting of Corporate Units, include a contract to purchase NEE common stock and a 5% ownership interest in Series O Debentures due November 1, 2029, issued by NextEra Energy Capital Holdings (NEECH).The equity units offer a 7.234% annual distribution rate, combining interest on debentures and stock purchase contract payments. Holders must complete the stock purchase by November 1, 2027, with a price range of $82.87 to $103.58 per share. They may use proceeds from a potential remarketing of NEECH debentures to fulfill their purchase obligations.NEE will receive cash and issue common stock upon settlement. The debentures are NEE-guaranteed, and the equity units were registered under the Securities Act of 1933. This sale strengthens NEE's capital position and provides future equity funding.

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