trending Market Intelligence /marketintelligence/en/news-insights/trending/aZDrsMQLVsfNHcHrSW-Jcw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NextEra Energy Capital sells $150M of debentures

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


NextEra Energy Capital sells $150M of debentures

NextEra Energy Capital Holdings Inc. sold $150 million of its floating-rate debentures due Sept. 28, 2020, according to a March 25 free writing prospectus.

The NextEra Energy Inc. subsidiary plans to add the net proceeds to its general funds and use those funds for general corporate purposes, including potentially repaying a portion of borrowings under four separate term-loan agreements and repaying a portion of its outstanding commercial paper obligations.

NextEra Energy Capital had $4.5 billion outstanding under the loan agreements and about $1.65 billion outstanding under its commercial paper obligations as of March 21. The company will temporarily invest in short-term instruments any proceeds it does not immediately use for those purposes.

Interest on the debentures is payable quarterly at a rate equal to three-month London interbank offered rate plus 0.45%. The interest rate will be reset quarterly on the 28th of March, June, September and December each year, starting June 28.

The issue was expected to be rated Baa1 by Moody's and BBB+ by S&P Global Ratings. The transaction is expected to settle March 27.

RBC Capital Markets LLC acted as the sole book-running manager.