JUNO BEACH, Fla., July 27, 2018 /PRNewswire/ -- NextEra Energy
Capital Holdings, Inc. today announced that it will conduct a
remarketing of its Series H Debentures due Sept. 1, 2020 (the "Debentures") (CUSIP No.
65339KAQ3), which are currently outstanding in the aggregate
principal amount of $700 million, on
Aug. 6, 2018 (and, if necessary, on
the following two business days). The Debentures were originally
issued as part of NextEra Energy, Inc.'s Corporate Units (CUSIP No.
65339F846) on Sept. 16, 2015 (the
"Corporate Units") in conjunction with a Purchase Contract
Agreement, dated as of Sept. 1, 2015
(the "Purchase Contract Agreement"). The Debentures are guaranteed
by NextEra Energy Capital Holdings' parent company, NextEra Energy,
Inc. (NYSE: NEE).
![NextEra Energy, Inc. logo. (PRNewsFoto/NextEra Energy, Inc.) NextEra Energy, Inc. logo. (PRNewsFoto/NextEra Energy, Inc.)](https://mma.prnewswire.com/media/151268/nextera_energy__inc__logo.jpg)
If the remarketing is successful, the interest rate on the
Debentures will be reset to a rate that will enable the Debentures
to be remarketed at a price equal to or greater than the sum of the
Remarketing Treasury Portfolio Purchase Price, the Separate
Debentures of the Twenty-Ninth Series Purchase Price and the
Remarketing Fee (as those terms are defined in the Officer's
Certificate, dated Sept. 16, 2015,
creating the terms of the Debentures under the Indenture, dated as
of June 1, 1999, as amended). The
reset interest rate and the subsequent interest payment dates will
be established on the date of the successful remarketing and become
effective on the third business day following the date of such
successful remarketing. The Remarketing Fee will not exceed 0.25
percent of the sum of the Remarketing Treasury Portfolio Purchase
Price plus the Separate Debentures of the Twenty-Ninth Series
Purchase Price.
Upon a successful remarketing, the proceeds of the remarketing
of the Debentures that are components of the Corporate Units will
be used to purchase a portfolio of U.S. Treasury securities (or
principal or interest strips thereof), which will be substituted
for the Debentures and pledged to secure the obligation of the
holders of the Corporate Units to purchase NextEra Energy common
stock on Sept. 1, 2018, pursuant to
the Purchase Contract Agreement. The proceeds from the remarketing
of any Debentures that are not a component of Corporate Units and
whose holders elect to include some or all of those Debentures in
the remarketing will be paid to such holders.
Barclays Capital Inc., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC are
the remarketing agents.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of securities to which this communication relates in any
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
The issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission ("SEC") for
the offering to which this communication relates. Before a
prospective purchaser invests in the Debentures, such person should
read the prospectus in that registration statement and the related
prospectus supplement to be filed with the SEC and other documents
the issuer has filed with the SEC for more complete information
about the issuer and the offering to which this communication
relates. A prospective purchaser may get these documents when
available for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, the issuer or the remarketing
agents will arrange to send a prospective purchaser the prospectus
and the related prospectus supplement if such person requests it by
calling Barclays Capital Inc. toll-free at (888) 603-5847,
Mizuho Securities USA LLC
toll-free at (866) 271-7403 and Wells Fargo Securities, LLC toll
free at (800)-645-3751.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company with consolidated revenues of
approximately $17.2 billion, operates
approximately 46,790 megawatts of net generating capacity and
employs approximately 14,000 people in 33 states and Canada as of year-end 2017. Headquartered in
Juno Beach, Florida, NextEra
Energy's principal subsidiaries are Florida
Power & Light Company, which serves approximately 5
million customer accounts in Florida and is one of the largest
rate-regulated electric utilities in the
United States, and NextEra Energy Resources, LLC, which,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun. Through its
subsidiaries, NextEra Energy generates clean, emissions-free
electricity from eight commercial nuclear power units in
Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included
in the S&P 100 index, NextEra Energy has been recognized often
by third parties for its efforts in sustainability, corporate
responsibility, ethics and compliance, and diversity, and has been
ranked No. 1 in the electric and gas utilities industry in
Fortune's 2018 list of "World's Most Admired Companies." For more
information about NextEra Energy companies, visit these websites:
www.NextEraEnergy.com, www.FPL.com,
www.NextEraEnergyResources.com.
View original content with
multimedia:http://www.prnewswire.com/news-releases/nextera-energy-capital-holdings-announces-dates-for-remarketing-of-its-series-h-debentures-due-sept-1-2020-300687975.html
SOURCE NextEra Energy, Inc.