NextEra Energy Inc.

10/31/2024 | Press release | Distributed by Public on 10/31/2024 13:08

Material Event Form 8 K

Item 8.01 Other Events
On October 31, 2024, NextEra Energy, Inc. (NEE) sold $1.5 billion of equity units (initially consisting of Corporate Units) to J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Goldman Sachs & Co. LLC. In approximately three years, the equity unit holders will be required to purchase NEE common stock for cash, based on a price per share range of $82.87 to $103.58. Each equity unit consists of a contract to purchase NEE common stock (stock purchase contract) and, initially, a 5% undivided beneficial ownership interest in a Series O Debenture due November 1, 2029, issued in the principal amount of $1,000 by NextEra Energy Capital Holdings, Inc. (NEECH). Total annual distributions on the equity units will be at the rate of 7.234%, consisting of interest on the debentures and payments under the stock purchase contracts. The holders of the equity units must complete the stock purchase by no later than November 1, 2027, and may satisfy their purchase obligations with proceeds raised from a remarketing of the NEECH debentures that are a component of the equity units, if such remarketing is successful. Upon settlement of the stock purchase contract, NEE will receive cash and will issue the requisite number of shares of its common stock. The debentures are guaranteed by NEE. The equity units were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-278184, 333-278184-01 and 333-278184-02. In connection with the sale of the equity units, this Current Report on Form 8-K is being filed to report certain documents as exhibits.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS