NextEra Energy (NYSE: NEE) issues $600M 6.50% junior debentures

Rhea-AI Filing Summary

NextEra Energy Capital Holdings, Inc., a wholly owned subsidiary of NextEra Energy, sold $600 million of Series Z Junior Subordinated Debentures due April 15, 2086. These debentures carry a fixed interest rate of 6.50% per year, with interest paid quarterly.

NextEra Energy Capital Holdings may, at its option, redeem some or all of the debentures beginning in April 2031, and the debentures are guaranteed on a subordinated basis by NextEra Energy. The securities were issued under existing shelf registration statements, and the company filed this report mainly to provide related legal opinions and XBRL exhibits.

Insights

Corporate finance analyst

NextEra adds $600M long-dated subordinated debt at 6.50%.

NextEra Energy Capital Holdings issued $600 million of Series Z Junior Subordinated Debentures maturing in 2086 with a fixed 6.50% annual coupon, payable quarterly. These instruments sit low in the capital structure and are guaranteed on a subordinated basis by NextEra Energy.

The issuer can redeem the debentures beginning in April 2031, giving flexibility to refinance if conditions improve. Because the debentures are junior and very long-dated, they function economically closer to hybrid capital than traditional senior debt, but the excerpt does not quantify any balance sheet ratios.

The debentures were issued under existing registration statements, suggesting a planned financing rather than an opportunistic move. Subsequent periodic reports should show how the added interest expense interacts with overall earnings and cash flows once the full-year impact of the 6.50% coupon is visible.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported:  March 20, 2026

Commission File Number

Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number

IRS Employer Identification Number

1-8841

NEXTERA ENERGY, INC.

59-2449419

700 Universe Boulevard

Juno Beach, Florida 33408

(561) 694-4000

State or other jurisdiction of incorporation or organization:  Florida

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 Par Value

NEE

New York Stock Exchange

7.299% Corporate Units

NEE.PRS

New York Stock Exchange

7.234% Corporate Units

NEE.PRT

New York Stock Exchange

7.375% Corporate Units

NEE.PRV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECTION 8 – OTHER EVENTS

Item 8.01 Other Events

On March 20, 2026, NextEra Energy Capital Holdings, Inc. (NEECH), a wholly-owned subsidiary of NextEra Energy, Inc. (NEE), sold $600 million principal amount of its Series Z Junior Subordinated Debentures due April 15, 2086 (Junior Subordinated Debentures). The Junior Subordinated Debentures bear interest at a rate of 6.50% per year, payable quarterly. NEECH, at its option, may redeem some or all of the Junior Subordinated Debentures beginning in April 2031.

The Junior Subordinated Debentures are guaranteed on a subordinated basis by NEE. The Junior Subordinated Debentures were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-278184, 333-278184-01 and 333-278184-02. In connection with the sale of the Junior Subordinated Debentures, this Current Report on Form 8-K is being filed to report certain documents as exhibits.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

			Exhibit Number						Description
			5(a)						Opinion and Consent, dated March 20, 2026, of Squire Patton Boggs (US) LLP, counsel to NextEra Energy, Inc. and NextEra Energy Capital Holdings, Inc., with respect to the Junior Subordinated Debentures
			5(b) and 8						Opinion and Consent, dated March 20, 2026, of Morgan, Lewis & Bockius LLP, counsel to NextEra Energy, Inc. and NextEra Energy Capital Holdings, Inc., with respect to the Junior Subordinated Debentures
			101						Interactive data files for this Form 8-K formatted in Inline XBRL
			104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:  March 20, 2026

NEXTERA ENERGY, INC

(Registrant)

WILLIAM J. GOUGH

William J. Gough

Vice President, Controller and Chief Accounting Officer

FAQ

What debt security did NextEra Energy (NEE) issue in this filing?

NextEra Energy Capital Holdings issued $600 million of Series Z Junior Subordinated Debentures due April 15, 2086. The debentures are guaranteed on a subordinated basis by NextEra Energy, providing investors with company-level support while remaining low in the capital structure.

What is the interest rate on NextEra Energy’s new Series Z Junior Subordinated Debentures?

The Series Z Junior Subordinated Debentures carry a fixed interest rate of 6.50% per year, payable quarterly. This means investors receive regular interest payments at that rate for as long as the debentures remain outstanding and are not redeemed by the issuer.

When can NextEra Energy Capital Holdings redeem the new junior subordinated debentures?

NextEra Energy Capital Holdings may redeem some or all of the Series Z Junior Subordinated Debentures beginning in April 2031. This call option allows the issuer to repay or refinance the debt before the April 15, 2086 maturity if future market conditions are favorable.

How large is the new junior subordinated debenture issuance by NextEra Energy?

The issuance totals $600 million in principal amount of Series Z Junior Subordinated Debentures. This long-dated capital adds to NextEra Energy Capital Holdings’ funding base and is supported by a subordinated guarantee from the parent company, NextEra Energy.

Were the NextEra Energy junior subordinated debentures registered with the SEC?

Yes. The Series Z Junior Subordinated Debentures were registered under the Securities Act of 1933 using Registration Statement Nos. 333-278184, 333-278184-01 and 333-278184-02, enabling their public sale to investors under those existing shelf registrations.

What legal opinions were filed with NextEra Energy’s 8-K about the debentures?

The filing includes opinions and consents from Squire Patton Boggs (US) LLP and Morgan, Lewis & Bockius LLP regarding the junior subordinated debentures. These legal opinions address the validity of the securities and are filed as exhibits alongside Inline XBRL data files.

Filing Exhibits & Attachments

6 documents

Other Documents

• EX-5 EX-5.A 13.0 KB
• EX-5 EX-5.B AND 8 10.2 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 15.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 29.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 16.7 KB