17.06.2024 23:00:23 - dpa-AFX: NextEra Energy Intends To Sell $2.0 Bln Of Equity Units
WASHINGTON (dpa-AFX) - NextEra Energy, Inc. (NEE) Monday announced that it
intends to sell $2.0 billion of equity units.
Each equity unit will be issued in a stated amount of $50. Each equity unit will
consist of a contract to purchase NextEra Energy common stock in the future and
a 5% undivided beneficial ownership interest in a NextEra Energy Capital
Holdings, Inc. debenture due June 1, 2029, to be issued in the principal amount
of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings'
parent company, NextEra Energy, Inc.
The holders would be required to complete the stock purchase by no later than
June 1, 2027, and their purchase obligations may be satisfied with proceeds
raised from remarketing the debentures that comprise part of their equity units.
The net proceeds from the sale of the equity units, which are expected to be
approximately $1.94 billion, will be added to the general funds of NextEra
Energy Capital Holdings.
NextEra Energy Capital Holdings expects to use its general funds to fund
investments in energy and power projects and for other general corporate
purposes, including the repayment of a portion of its outstanding commercial
paper obligations.
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