NextEra Energy Capital plans fixed-, floating-rate notes due 2024

By William Gullotti

Buffalo, N.Y., March 17 – NextEra Energy Capital Holdings Inc. announced plans for a two-part offering of fixed- and floating-rate debentures due March 2024 in a 424B5 filing with the Securities and Exchange Commission.

The debentures will be guaranteed by parent NextEra Energy, Inc.

Debentures from both series will be redeemable at any time, in whole or in part, at par plus interest starting in September.

The interest rate for the floating-rate debentures will be SOFR plus a margin.

Barclays, BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the joint bookrunning managers for the offering.

Counsel for the issuer will be provided by Morgan, Lewis & Bockius LLP and by Squire Patton Boggs (US) LLP and for the underwriters by Hunton Andrews Kurth LLP.

Proceeds will be used for general funds, which fund investments in energy and power projects and for other general corporate purposes. General corporate purposes include the repayment of a portion of the company’s outstanding commercial paper, of which there is $2.44 billion.

The energy company is based in Juno Beach, Fla.

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