NextEra Energy Partners' Strategy to Address Convertible Equity Portfolio Maturities
Saturday, 27 April 2024, 13:36
Addressing Convertible Equity Portfolio Maturities
NextEra Energy Partners is focusing on addressing its convertible equity portfolio maturities through strategic asset sales. This move aims to fund upcoming buyouts while sustaining dividend growth.
Progress with Asset Sales
- The company successfully sold STX Midstream, generating proceeds to buy out CEPFs due in 2024 and 2025.
- Future goals include selling Meade assets to address remaining obligations.
Long-Term Solutions in Sight - A potential private capital infusion is being explored to fund buyouts beyond 2027, enhancing the company's financial flexibility.
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