NextEra Energy Announces Sale Of $2B Equity Units To Wells Fargo Securities And BofA Securities, Expected To Close On June 20, 2024
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy, Inc. (NYSE:NEE) announced the sale of $2 billion in equity units to Wells Fargo Securities and BofA Securities, expected to close on June 20, 2024. Each unit includes a contract to purchase NEE common stock and a 5% interest in a debenture due in 2029, with a total annual distribution rate of 7.299%.
June 18, 2024 | 1:49 pm
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NextEra Energy's $2 billion equity unit sale to Wells Fargo and BofA is expected to close on June 20, 2024. The units include stock purchase contracts and debentures, offering a 7.299% annual distribution rate.
The sale of equity units is a significant capital-raising activity for NextEra Energy, which could positively impact its stock price in the short term due to the infusion of $2 billion. The attractive annual distribution rate of 7.299% may also draw investor interest.
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