NextEra Energy Capital Holdings’ $1.5 Billion Green Debentures

Hunton Andrews Kurth advised the underwriters on the deal.

NextEra Energy Capital Holdings, Inc. (NEE Capital) announced the offering of $1.5 billion aggregate principal amount of debentures due June 15, 2028. The debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (NEE), the parent company of NEE Capital. An amount equal to the proceeds will be allocated by NEE Capital to the funding and/or reimbursement of capital expenditures of new or repowered wind power energy generation projects, solar power energy generation projects and/or battery storage projects for renewable energy of NEE Capital and/or its subsidiaries that will become operational on or after the date of the issuance of the debentures. If NEE Capital has not delivered a notice to the trustee on or prior to the 60th day following the second anniversary date that a certification of the Chief Financial Officer of NEE Capital stating that the proceeds have been fully allocated to such projects has been posted, then the rate of interest payable on the debentures will increase by 0.25%.

NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE’s principal subsidiaries are Florida Power & Light Company, which serves more than five million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NEE generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.

The underwriters included Barclays, BofA Securities,Credit Suisse, J.P. Morgan,Morgan Stanley, BNP?PARIBAS, Citigroup, Credit?Agricole?CIB, Goldman?Sachs?&?Co.?LLC, RBC?Capital?Markets, Scotiabank, US?Bancorp, Wells?Fargo?Securities, COMMERZBANK, Ramirez & Co., Inc. SOCIETE GENERALE, Siebert Williams Shank, Academy Securities and Guzman & Company.

The Hunton Andrews Kurth team included Steve Friend (Picture), Patrick Jamieson, Michelle Chan, and Matthew Hayes. Robert J. McNamara and Tim Strother provided tax advice.?

Involved fees earner: Michelle Chan – Hunton Andrews Kurth LLP; Steven Friend – Hunton Andrews Kurth LLP; Matthew Hayes – Hunton Andrews Kurth LLP; Patrick Jamieson – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: Academy Securities Inc.; Bank of America Securities; Barclays Bank; BNP Paribas; Citigroup Inc.; Commerzbank AG; Crédit Agricole Corporate and Investment Bank; Credit Suisse; Goldman Sachs & Co.; Guzman & Company; J.P. Morgan Securities LLC; Morgan Stanley; Ramirez & Co.; RBC Capital Markets; Scotiabank; Siebert Williams Shank & Co. LLC; Société Générale; US Bancorp; Wells Fargo Securities;

Author: Martina Bellini