NextEra lands new $750 million credit line

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Florida-based power company and renewables developer NextEra Energy Inc has announced a new $750 million credit line for one of the subsidiaries associated with its renewables business.

NextEra Energy Capital Holdings Inc., secured the three-year revolving credit line on Thursday to replace a $500 million facility that expired last Tuesday, NextEra told the U.S. Securities and Exchange Commission (SEC).

The stock market filing indicated the credit line will be used for ‘general corporate purposes.’

NextEra also announced on Thursday that its wholly-owned Trillium Windpower unit has issued notes worth around C$315 million (US$297.5 million) to finance construction of a 147 MW wind farm in Ontario, Canada.

The 20-year notes are set to mature in February 2033.