Item 8.01 Other Events
On February 21, 2020, NextEra Energy, Inc. (NEE) sold $2.5 billion of equity
units (initially consisting of Corporate Units) to J.P. Morgan Securities LLC,
Wells Fargo Securities, LLC and BofA Securities, Inc. Each equity unit was
issued in a stated amount of $50 consisting of a contract to purchase NEE common
stock (stock purchase contract) and, initially, a 5% undivided beneficial
ownership interest in a Series K Debenture due March 1, 2025, issued in the
principal amount of $1,000 by NextEra Energy Capital Holdings, Inc. (NEECH).
Each stock purchase contract will require the holder to purchase NEE common
stock for cash, based on a price per share range of $282.04 to $352.55. Total
annual distributions on the equity units will be at the rate of 5.279%,
consisting of interest on the debentures and payments under the stock purchase
contracts. The holders of the equity units must complete the stock purchase by
no later than March 1, 2023, and their purchase obligations may be satisfied
with proceeds raised from a remarketing of the NEECH debentures that are a
component of the equity units, if such remarketing is successful. The debentures
are guaranteed by NEE. The equity units were registered under the Securities Act
of 1933 pursuant to Registration Statement Nos. 333-226056, 333-226056-01 and
333-226056-02. This Current Report on Form 8-K is being filed to report as
exhibits certain documents in connection with the sale of the equity units.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Description
5(a) Opinion and Consent, dated February 21, 2020, of Squire Patton
Boggs (US) LLP, counsel to NextEra Energy, Inc. and NextEra Energy
Capital Holdings, Inc., with respect to the equity units
5(b) and 8 Opinion and Consent, dated February 21, 2020, of Morgan, Lewis &
Bockius LLP, counsel to NextEra Energy, Inc. and NextEra Energy
Capital Holdings, Inc., with respect to the equity units
101 Interactive data files for this Form 8-K formatted in Inline XBRL
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
2
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