Hunton Andrews Kurth Advises on NextEra Energy Partners, LP’s $600 Million, 0% Convertible Senior Notes Offering

Hunton Andrews Kurth LLP advised the initial purchaser in connection with NextEra Energy Partners, LP’s (“NEP”) issuance of $600 million in aggregate principal amount of its 0% Convertible Senior Notes due 2025 in a private placement under Rule 144A of the Securities Act of 1933, as amended.

NEP is a growth-oriented limited partnership formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows. At September 30, 2020, NEP owned a controlling, non-economic general partner interest and an approximately 41.8% limited partner interest in NEP OpCo. Through NEP OpCo, NEP has ownership interests in a portfolio of contracted renewable generation assets consisting of wind and solar projects, and a portfolio of contracted natural gas pipeline assets.

The Hunton Andrews Kurth LLP team included Steven Friend, Brendan Harney, Patrick Jamieson, Michelle Chan, Flavia Vehbiu and Mae Ji.  Robert McNamara and Tim Strother provided tax advice.