Hunton Advises on NextEra Energy Capital Holdings, Inc.’s $3.75B Junior Subordinated Debentures Offering

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Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NextEra Energy Capital Holdings, Inc. (“NEE Capital”) of (i) $1 billion aggregate principal amount of its Series AA Junior Subordinated Debentures, due October 1, 2056 (the “Series AA Junior Subordinated Debentures”), (ii) $1.25 billion aggregate principal amount of its Series BB Junior Subordinated Debentures, due October 1, 2056 (the “Series BB Junior Subordinated Debentures”) and (iii) $1.5 billion aggregate principal amount of its Series CC Junior Subordinated Debentures, due October 1, 2066 (the “Series CC Junior Subordinated Debentures” and together with the Series AA Junior Subordinated Debentures and Series BB Junior Subordinated Debentures, the “Junior Subordinated Debentures.”). The Junior Subordinated Debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (“NEE”), the parent company of NEE Capital.

NEE Capital owns and provides funding for all of NEE’s operating subsidiaries other than Florida Power & Light Company (“FPL”) and FPL’s subsidiaries. NEE Capital was incorporated in 1985 as a Florida corporation and is a wholly owned subsidiary of NEE. NEE is a holding company incorporated in 1984 as a Florida corporation and conducts its operations principally through its wholly owned subsidiaries, FPL and, indirectly through NEE Capital, NextEra Energy Resources, LLC, and NextEra Energy Transmission, LLC.

The Hunton team included Steven C. Friend, Jingyi “Alice” Yao, Ryan Metz and Catherine I. Bulger. Robert McNamara, William Freeman and David Kamins provided tax advice.

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