debt
confidence high
sentiment neutral
materiality 0.55
NextEra Energy subsidiary issues $1.2B of 6.75% junior subordinated debentures due 2054
NEXTERA ENERGY INC
- NEECH sold $1.2B principal of Series R Junior Subordinated Debentures; initial fixed rate of 6.75% to June 15, 2034.
- After June 2034, interest resets every 5 years at Five-Year Treasury Rate plus 2.457%.
- NEECH can redeem debentures at its option beginning in March 2034; guaranteed subordinated by NextEra Energy.
- Debentures registered under Securities Act; legal opinions from Squire Patton Boggs and Morgan Lewis filed as exhibits.