NextEra’s Gulf Power unit enters into $900 million revolver due 2024

By Sarah Lizee

Olympia, Wash., June 24 – NextEra Energy, Inc. indirect wholly owned subsidiary Gulf Power Co. entered on Monday into a $900 million senior unsecured revolving credit facility due February 2024, according to an 8-K filing with the Securities and Exchange Commission.

The revolver’s amount includes issuance of letters of credit of up to $75 million.

The revolver is available for Gulf Power’s general corporate purposes.

Gulf Power is required to maintain a ratio of funded debt to total capitalization that does not exceed a stated ratio.

NextEra is a Juno, Fla.-based energy company.

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