Hunton Andrews Kurth Advises on NextEra Energy Capital Holdings, Inc.’s $2.5 Billion Debentures Offering
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 1.875% Debentures, Series due January 15, 2027, (ii) $1 billion aggregate principal amount of 2.440% Debentures, Series due January 15, 2032 and (iii) $500 million aggregate principal amount of 3.00% Debentures, Series due January 15, 2052. The debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (NEE), the parent company of NEE Capital. The transaction closed December 13, 2021.
NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE's principal subsidiaries are Florida Power & Light Company, which serves more than five million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the world’s largest generator of renewable energy from the wind and sun, as well as a world leader in battery storage.
The Hunton Andrews Kurth team included Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.