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NextEra Energy, Inc. (NYSE:NEE) announced today that it has agreed to sell $2.0 billion of equity units to Wells Fargo Securities and BofA Securities. The transaction is expected to close on June 20, 2024.
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. Total annual distributions on the equity units will be at the rate of 7.299%, consisting of interest on the debentures and payments under the stock purchase contracts.
Posted In: NEE
