trending Market Intelligence /marketintelligence/en/news-insights/trending/2AOVYKKnNVtFrtjF6m_r2w2 content esgSubNav
In This List

NextEra Energy Capital completes remarketing of $1.5B debentures


Infographic: The Big Picture 2024 – Energy Transition Outlook


The Big Picture: 2024 Energy Transition Industry Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape


Essential IR Insights Newsletter Fall - 2023

NextEra Energy Capital completes remarketing of $1.5B debentures

NextEra Energy Capital Holdings Inc. completed the remarketing of its $1.5 billion outstanding series I debentures due Sept. 1, 2021.

The debentures were originally issued in August 2016 as components of NextEra Energy Inc.'s equity units and are guaranteed by the parent company, according to an Aug. 8 Form 8-K filing.

Upon completion of the remarketing, the interest rate on the debentures was reset to 2.403% per year. Interest is payable March 1 and Sept. 1, starting Sept. 1.

NextEra Energy Capital will use proceeds to purchase a portfolio of U.S. Treasury securities, which will be substituted for the debentures and pledged to secure the obligation of the holders of the corporate units to purchase NextEra Energy common stock Sept. 1.

The proceeds that are not part of the corporate units will be paid to unit holders at their discretion.

Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and Mizuho Securities USA LLC acted as remarketing agents.