Item 8.01 Other Events
On September 18, 2020, NextEra Energy, Inc. (NEE) sold $2.0 billion of equity
units (initially consisting of Corporate Units) to BofA Securities, Inc. and
Barclays Capital 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 L
Debenture due September 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 $295.70 to $369.63. Total annual distributions on the equity
units will be at the rate of 6.219%, 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 September 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 September 18, 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 September 18, 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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