NextEra Energy Capital Holdings, Inc. $500 Million Series O Junior Subordinated Debentures Offering


Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NextEra Energy Capital Holdings, Inc. (NEE Capital) of $500 million aggregate principal amount of Series O Junior Subordinated Debentures due May 1, 2079.

BofA Merrill Lynch, Goldman Sachs & Co., Citigroup, Credit Suisse and Wells Fargo Securities acted as Joint Book-Running Managers on the offering.

The debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (NEE), the parent company of NEE Capital. The intended use of the proceeds from the offering is to finance a portion of the purchase price paid by NEE for the acquisition of Gulf Power Company.

NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE has two principal businesses, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. NEER is the world’s largest operator of wind and solar projects.

The Hunton Andrews Kurth team included Steve Friend (Picture), Patrick Jamieson, Brendan P. Harney, S. Ashley Jaber and Shelby Stanton. Cary Tolley and Kimberly Nolte provided tax advice.

Involved fees earner: Steven Friend – Hunton Andrew Kurth; Brendan Harney – Hunton Andrew Kurth; Ashley Jaber – Hunton Andrew Kurth; Patrick Jamieson – Hunton Andrew Kurth; Kimberly Nolte – Hunton Andrew Kurth; Shelby Stanton – Hunton Andrew Kurth; Cary Tolley – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Credit Suisse; Goldman Sachs & Co.; Wells Fargo Securities;

Author: Ambrogio Visconti