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On June 9, 2025, NextEra Energy Capital Holdings, Inc. (NEE Capital), a wholly owned subsidiary of NextEra Energy, Inc. (NEE), announced a C$2 billion maple bond offering—one of the largest of its kind in the Canadian market. The transaction successfully closed on June 12, 2025. The issuance comprised C$600 million in 3.83% Debentures due June 12, 2030, and C$1.4 billion in 4.67% Debentures due June 12, 2035. Both series of debentures are absolutely, irrevocably, and unconditionally guaranteed by NEE, the U.S.-based parent company headquartered in Juno Beach, Florida. The offering was made under the U.S. Securities Act of 1933, pursuant to Registration Statement Nos. 333-278184, 333-278184-01, and 333-278184-02.
The syndicate of underwriters for this offering included BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC. McCarthy Tétrault LLP served as Canadian counsel to NEE Capital. Morgan, Lewis & Bockius LLP and Squire Patton Boggs (US) LLP, acted as co-counsel to NEE and NEE Capital, and passed upon the legality of the Debentures for the issuers. Hunton Andrews Kurth LLP acted as U.S. legal counsel to the underwriters, with Blake, Cassels & Graydon LLP advising the underwriters on Canadian legal matters. Additionally, Morgan, Lewis & Bockius LLP and Hunton Andrews Kurth LLP relied on the opinion of Squire Patton Boggs (US) LLP for Florida law matters, while Squire Patton Boggs (US) LLP relied on Morgan, Lewis & Bockius LLP for New York law matters. Proceeds from the offering are intended to support NEE Capital’s ongoing energy infrastructure and clean energy initiatives.
Parties
Company
NextEra Energy Capital Holdings, Inc.
Company
NextEra Energy, Inc.
Bank
BofA Securities, Inc.
Bank
J.P. Morgan Securities LLC
Bank
Morgan Stanley & Co. LLC
Bank
RBC Capital Markets, LLC
Bank
Wells Fargo Securities, LLC
Deal Type
Public/Private OfferingIndustry
EnergyTransaction
$ 2,000,000,000Deal Status
ClosedClosing Date
12 June 2025