Hunton & Williams Advises on NextEra Energy, Inc. $500 Million Equity Units Offering

Time 2 Minute Read
September 25, 2013
News

Hunton & Williams LLP advised Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC as underwriters for the sale of $500 million of equity units of NextEra Energy, Inc. ("NEE"). Each equity unit consisted of a contract to purchase NEE common stock in the future, and a 5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. ("NEE Capital"”) debenture due Sept. 1, 2018. The debentures were guaranteed by NEE Capital's parent company, NEE.

NEE is a leading clean energy company with consolidated revenues of approximately $14.3 billion, more than 42,000 megawatts of generating capacity, and nearly 15,000 employees in 26 states and Canada as of year-end 2012. Headquartered in Juno Beach, Fla., NEE's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NEE generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.

The Hunton & Williams LLP team included Dee Ann Dorsey and Danielle Herrick. Cary Tolley and Anna Page provided tax advice.

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