Hunton Andrews Kurth LLP advises Initial Purchasers in NextEra Energy Operating Partners, LP’s $500 Million 3.875% Senior Notes Offering

Hunton Andrews Kurth LLP advised the initial purchasers in connection with NextEra Energy Operating Partners, LP’s (NEP OpCo) offering of $500 million aggregate principal amount of 3.875% Senior Notes due 2026. The offering was conducted as a private placement under Regulation S and Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers. NEP OpCo is a subsidiary of NextEra Energy Partners, LP (NEP).

NEP is a growth-oriented limited partnership formed by NextEra Energy, Inc. to acquire, manage and own contracted clean energy projects with stable long-term cash flows. At June 30, 2019, NEP owns a controlling, non-economic general partner interest and a 35.6% limited partner interest in NEP OpCo. Through NEP OpCo, NEP owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as seven contracted natural gas pipeline assets.

The Hunton Andrews Kurth team included Steven Friend, Patrick Jamieson, Michelle Chan and Shelby Stanton. Robert McNamara provided tax advice.