NextEra Energy completes $2 billion debenture remarketing, resets interest rate

Published 01/08/2025, 19:46
NextEra Energy completes $2 billion debenture remarketing, resets interest rate

NextEra Energy, Inc. (NYSE:NEE), a utility giant with a market capitalization of $145 billion, announced Friday that its wholly-owned subsidiary, NextEra Energy Capital Holdings, Inc., has completed the remarketing of approximately $2.0 billion aggregate principal amount of its Series M Debentures due September 1, 2027. The Series M Debentures are guaranteed by NextEra Energy. According to InvestingPro data, the company currently manages total debt of $93.2 billion, with short-term obligations exceeding liquid assets.

According to a press release statement, the debentures were originally issued in September 2022 as part of equity units offered by NextEra Energy. Following the remarketing, the interest rate on the Series M Debentures has been set at 4.685% per year. Interest payments will be made semi-annually on March 1 and September 1, beginning September 1, 2025. Despite its substantial debt position, NextEra Energy maintains a strong dividend track record, having maintained payments for 55 consecutive years with a current yield of 3.2%.

The remarketing was conducted under Registration Statement Nos. 333-278184, 333-278184-01, and 333-278184-02. The company filed a Form 8-K with the U.S. Securities and Exchange Commission to report the completion of the remarketing and to include related documents as exhibits.

This information is based on a statement released in a SEC filing.

In other recent news, NextEra Energy reported its second-quarter 2025 earnings, posting adjusted earnings of $1.05 per share, surpassing analyst expectations of $0.98. However, the company’s revenue for the quarter was $6.7 billion, which did not meet the consensus estimate of $7.29 billion. Following the earnings announcement, Mizuho (NYSE:MFG) raised its price target for NextEra Energy to $74.00 from $69.00, while maintaining a Neutral rating. This adjustment was made after the company’s earnings per share exceeded Wall Street estimates of $1.01. Additionally, NextEra Energy declared a regular quarterly dividend of $0.5665 per share, payable on September 15, 2025, to shareholders of record as of August 28, 2025. These developments reflect the latest financial activities and analyst perspectives on NextEra Energy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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