NextEra Energy Capital Holdings’ $1.65 Billion Floating Rate Debentures Offering

Hunton Andrews Kurth advised the underwriters on the deal.

NextEra Energy Capital Holdings, Inc. (NEE Capital) announced its offering of $1.65 billion aggregate principal amount of Floating Rate Debentures, Series due February 22, 2023.The debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (NEE), the parent company of NEE Capital.

The underwriters are J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., WR Securities, LLC, Cabrera Capital Markets LLC      and Drexel Hamilton, LLC.

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 Hunton Andrews Kurth team included Steven Friend (Picture), Brendan Harney, Mae Ji and Flavia Vehbiu. Robert McNamara and Tim Strother provided tax advice.

 

Involved fees earner: Steven Friend – Hunton Andrew Kurth; Brendan Harney – Hunton Andrew Kurth; Mae Ji – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Tim Strother – Hunton Andrew Kurth; Flavia Vehbiu – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Cabrera Capital Markets; Drexel Hamilton; JP Morgan; MUFG; Smbc Nikko Capital Markets Limited; Wolfe Capital Markets and Advisory;

Martina Bellini

Author: Martina Bellini