Hunton Advises on NextEra Energy, Inc.’s $2.3B Equity Units Offering
Hunton Andrews Kurth LLP advised the underwriters on the sale of $2.3 billion stated amount of equity units of NextEra Energy, Inc. ("NEE"). Each equity unit consists of a contract to purchase NEE common stock in the future, a 2.5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. ("NEE Capital") debenture due February 15, 2031 and a 2.5 percent undivided beneficial ownership interest in a NEE Capital debenture due February 15, 2034. The debentures are guaranteed by NEE Capital's parent company, NEE.
NEE is a holding company incorporated in 1984 as a Florida corporation and conducts its operations principally through its wholly owned subsidiaries, Florida Power & Light Company (“FPL”) and, indirectly through NextEra Energy Capital Holdings, Inc., NextEra Energy Resources, LLC and NextEra Energy Transmission, LLC (collectively “NEER”). FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. NEER currently owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets in the U.S. and Canada.
The Hunton team included Steven C. Friend, Jingyi “Alice” Yao, Ryan Metz and Catherine I. Bulger. Robert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.
Related People
Related Services
Media Contact
Lisa Franz
Director of Public Relations
Jeremy Heallen
Public Relations Senior Manager
mediarelations@Hunton.com