#USA #Debentures #NextEra Energy #Juno Beach

NextEra Energy Capital Holdings Sets Remarketing of Series M Debentures

In a significant move for investors, NextEra Energy Capital Holdings, Inc. announced plans to re-market its Series M Debentures which are set to mature on September 1, 2027. This announcement, made from Juno Beach, Florida on July 21, 2025, indicates that the remarketing process will kick off on July 29, 2025, and will extend to the following two business days if required.

debenture Details

The outstanding debt of the Series M Debentures amounts to a staggering $2 billion, under CUSIP No. 65339KCL2. These debentures were initially issued as part of a larger corporate units offering, linked with a Purchase Contract Agreement dated September 1, 2022. The Series M Debentures enjoy a guarantee from NextEra Energy, Inc., the parent company and a publicly traded entity on the NYSE under the symbol NEE.

Remarketing and Interest Rate Reset Process

A successful remarketing will trigger an adjustment in the interest rate applied to these debentures. The new rate will be aimed at ensuring that the debentures can be re-marketed at a price that equals or exceeds the sum total of multiple financial components defined in the related administrative documents. If the reset is successful, new interest payment dates will be instituted, coming into effect three business days post remarketing.

Purpose of Remarketing Proceeds

Importantly, if the remarketing proceeds successfully, these funds will be allocated towards purchasing U.S. Treasury securities or cash equivalents. This financial strategy will replace the debentures and secure the obligations of Corporate Units holders to acquire NextEra Energy common stocks on the maturity date of September 1, 2025. Furthermore, any holders of debentures not part of Corporate Units will also have their proceeds directed specifically to them.

Remarketing Agents

Engaging in this financial maneuver, NextEra has onboarded Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC as remarketing agents. Their market expertise will be pivotal in determining the success of this endeavor.

Legal Notice

It is crucial to note that this announcement does not represent an offer to sell or solicit an offering to buy any securities. The sale of these debentures can only occur in jurisdictions where such actions are compliant with local securities laws.

About NextEra Energy, Inc.

NextEra Energy, Inc. stands as one of the largest electric power and energy infrastructure firms in North America, recognized for providing electricity to millions of homes and businesses. Based in Juno Beach, Florida, this Fortune 200 powerhouse also owns Florida Power & Light, the largest electric utility in the U.S., which services around 12 million people. Moreover, through NextEra Energy Resources, LLC, the company also plays a significant role in energy infrastructure development, employing a diverse energy strategy that balances natural gas, nuclear, and renewable energy sources. The strategic decisions and announcements like the current debenture remarketing are part of their commitment to meeting America’s evolving energy landscape.

This development not only showcases NextEra's strategic financial operations but also reflects the company’s broader objectives in the energy sector, which is increasingly crucial given the global focus on sustainable energy solutions.