NextEra Energy Intends To Sell $2B Of Equity Units In A Public Offering. Nextera Energy, Inc. Expects To Grant To The Underwriters An Option To Purchase Up To An Additional $0.3B

The net proceeds from the sale of the equity units will be added to the general funds of NextEra Energy Capital Holdings, Inc., a wholly owned subsidiary of NextEra Energy. NextEra Energy Capital Holdings expects to use its general funds to fund investments in energy and power projects and for other general corporate purposes, including the repayment of a portion of its outstanding commercial paper obligations.

Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future, and undivided beneficial ownership interests in two series of debentures issued by NextEra Energy Capital Holdings, consisting of a Series P Debenture due Feb. 15, 2031, and a Series Q Debenture due Feb. 15, 2034, each with a principal amount of $1,000. The debentures will be guaranteed by NextEra Energy.

In approximately three years, the equity unit holders will be required to purchase NextEra Energy common stock for cash, based on a range of a 0% to 25% premium over the New York Stock Exchange closing price of NextEra Energy common stock on Feb. 26, 2026. The holders of the equity units must complete the stock purchase by no later than Feb. 15, 2029, with the required purchase price of stock purchased on that date determined based on the average closing price of NextEra Energy's common stock over the 20 consecutive trading day period ending on Feb. 12, 2029. The holders may satisfy their purchase obligations with proceeds raised from remarketing the debentures that comprise part of their equity units.

Upon settlement of the purchase contract, NextEra Energy will receive cash and will issue the requisite number of shares of its common stock. Before the issuance of NextEra Energy common stock upon settlement of the purchase contracts, the purchase contracts will be reflected in NextEra Energy's diluted earnings per share calculations using the treasury stock method.