NextEra Energy (NEE) -1% pre-market Thursday after saying it plans to sell $2B of equity units in a public offering, with an underwriters option to purchase up to an additional $300M of equity units to cover any over-allotments.
Each equity unit will be issued in a stated amount of $50 and consist of a contract to purchase NextEra Energy (NEE) common stock in the future, and undivided beneficial ownership interests in two series of debentures issued by NextEra Energy Capital Holdings.
In approximately three years, equity unitholders will be required to purchase NextEra Energy (NEE) common stock for cash, based on a range of a 0%-25% premium over the NYSE closing price of NextEra Energy common stock on February 26, 2026.
The company said the proceeds from the sale of the equity units will be added to the general funds of NextEra Energy Capital Holdings, which expects to use its general funds to fund investments in energy and power projects and for other general corporate purposes.