NextEra Energy Partners on Sept. 19 priced a $500 million offering of NextEra Energy Operating Partners' 3.875% senior unsecured notes due Oct. 15, 2026.
Net proceeds of approximately $493.8 million will be added to NextEra Energy Operating Partners' general funds, which it will use for general partnership purposes. Those general corporate purposes may include funding a cash tender offer to purchase Genesis Solar 2011 Pass-Through Trust's outstanding 3.875% series A trust certificates due 2038 and 5.125% series B trust certificates due 2038.
The offering is expected to close on Sept. 23, subject to customary closing conditions.
