Florida Power & Light (NEE) issues $255.4M floating SOFR-linked notes due 2076
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Florida Power & Light Company sold $255,394,000 principal amount of its Floating Rate Notes, Series due June 1, 2076. These long-dated notes pay interest at a quarterly rate equal to Compounded SOFR, a secured overnight financing benchmark, minus 0.35%. The notes were issued under existing registration statements, and the filing mainly submits legal opinions and related Inline XBRL data as exhibits connected to this debt offering.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Floating rate notes issued: $255,394,000 principal amount
Interest rate spread: Compounded SOFR minus 0.35%
Maturity date: June 1, 2076
+1 more
4 metrics
Floating rate notes issued
$255,394,000 principal amount
Floating Rate Notes, Series due June 1, 2076
Interest rate spread
Compounded SOFR minus 0.35%
Interest on Floating Rate Notes, calculated quarterly
Maturity date
June 1, 2076
Floating Rate Notes, Series due 2076
Registration statements
Nos. 333-278184, 333-278184-01, 333-278184-02
Securities Act registration for the notes
Key Terms
Floating Rate Notes, Compounded SOFR, Registration Statement, Inline XBRL, +1 more
5 terms
Floating Rate Notes financial
"sold $255,394,000 principal amount of its Floating Rate Notes, Series due June 1, 2076"
Floating rate notes are debt securities that pay interest that adjusts periodically based on a short-term interest benchmark (for example, LIBOR or SOFR), so the cash interest you receive goes up or down with market rates. For investors they act like an adjustable-rate loan: they help protect income when overall interest rates rise and generally lose less value than fixed-rate bonds when rates move, making them useful for managing interest-rate risk.
Compounded SOFR financial
"The Notes bear interest at a rate equal to Compounded SOFR ... minus 0.35%"
Compounded SOFR is an interest rate benchmark calculated by taking the daily Secured Overnight Financing Rate (SOFR) values over a set period and combining them to produce a single effective interest rate for that period. Think of it like rolling up many tiny daily interest charges into one total bill for the month or quarter; it determines the actual interest owed on floating-rate loans, bonds, and derivatives. Investors care because it directly affects borrowing costs, cash flows and the value of interest-sensitive securities, and it is widely used as a replacement for older benchmark rates.
Registration Statement regulatory
"The Notes were registered ... pursuant to Registration Statement Nos. 333-278184, 333-278184-01 and 333-278184-02"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
Inline XBRL technical
"Interactive data files for this ... formatted in Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Corporate Units financial
"7.299% Corporate Units | NEE.PRS | New York Stock Exchange"
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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: May 26, 2026
| Commission File Number | Exact name of registrants as specified in their charters, address of principal executive offices and registrants' telephone number | IRS Employer Identification Number | ||||||||||||
(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 registrants under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Registrants | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |||||||||||||||||
| NextEra Energy, Inc. | ||||||||||||||||||||
| Florida Power & Light Company | None | |||||||||||||||||||
Indicate by check mark whether the registrants are 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 registrants have 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 May 26, 2026, Florida Power & Light Company sold $255,394,000 principal amount of its Floating Rate Notes, Series due June 1, 2076 (Notes). The Notes bear interest at a rate equal to Compounded SOFR (a compounded Secured Overnight Financing Rate as specified in the Notes) minus 0.35%, calculated quarterly. The Notes 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 Notes, 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 May 26, 2026, of Squire Patton Boggs (US) LLP, counsel to Florida Power & Light Company, with respect to the Notes | ||||||||||
| 5(b) | Opinion and Consent, dated May 26, 2026, of Morgan, Lewis & Bockius LLP, counsel to Florida Power & Light Company, with respect to the Notes | ||||||||||
| 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) | ||||||||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
Date: May 26, 2026
NEXTERA ENERGY, INC.
(Registrant)
| WILLIAM J. GOUGH | ||||||||
| William J. Gough Vice President, Controller and Chief Accounting Officer | ||||||||
FLORIDA POWER & LIGHT COMPANY
(Registrant)
AMIN A. MOHOMED | ||||||||
Amin A. Mohomed Vice President, FPL Accounting and Controller | ||||||||
3
FAQ
What debt transaction did NextEra Energy (NEE) disclose for Florida Power & Light?
Florida Power & Light sold $255,394,000 principal amount of Floating Rate Notes due June 1, 2076. The notes are long-term debt securities bearing a floating interest rate linked to Compounded SOFR minus 0.35%, calculated and paid quarterly.
What is the interest rate on Florida Power & Light’s new 2076 floating rate notes?
The notes pay interest at a rate equal to Compounded SOFR minus 0.35%, calculated quarterly. Compounded SOFR is a Secured Overnight Financing Rate benchmark specified in the notes, so investors receive a floating rate that adjusts with short-term secured funding costs.
When do Florida Power & Light’s newly issued floating rate notes mature?
The Floating Rate Notes sold by Florida Power & Light mature on June 1, 2076. This very long maturity means the debt will remain outstanding for decades, with interest resetting quarterly based on Compounded SOFR minus 0.35% over the life of the notes.
Under which registration statements were Florida Power & Light’s 2076 notes issued?
The notes were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-278184, 333-278184-01 and 333-278184-02. Using these existing registration statements allows Florida Power & Light to issue the notes to investors in registered form.
What exhibits did NextEra Energy (NEE) file in connection with Florida Power & Light’s notes?
The filing includes legal opinions and Inline XBRL exhibits. Exhibit 5(a) is an opinion and consent from Squire Patton Boggs (US) LLP, Exhibit 5(b) from Morgan, Lewis & Bockius LLP, plus Interactive Data Files (Exhibit 101) and a cover page Inline XBRL file (Exhibit 104).