JUNO BEACH, Fla., July 26, 2019 /PRNewswire/ -- NextEra Energy
Capital Holdings, Inc. today announced that it will conduct a
remarketing of its Series I Debentures due Sept. 1, 2021 (the "Debentures") (CUSIP No.
65339KAS9), which are currently outstanding in the aggregate
principal amount of $1.5 billion, on
Aug. 5, 2019 (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.
65339F820) on Aug. 8, 2016 (the
"Corporate Units") in conjunction with a Purchase Contract
Agreement, dated as of Aug. 1, 2016
(the "Purchase Contract Agreement"). The Debentures are guaranteed
by NextEra Energy Capital Holdings' parent company, NextEra Energy,
Inc. (NYSE: NEE).
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 Purchase Price and the Remarketing Fee (as those terms
are defined in the Officer's Certificate, dated Aug. 8, 2016, 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% of the sum
of the Remarketing Treasury Portfolio Purchase Price plus the
Separate Debentures 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), or if U.S. Treasury
securities (or principal or interest strips thereof) that are to be
included in such portfolio have a yield that is less than zero,
then, at NextEra Energy Capital Holdings' option, such portfolio
will consist of an amount in cash equal to the aggregate principal
amount at maturity of the applicable 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, 2019, 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.
Goldman Sachs & Co. LLC, Credit Suisse Securities
(USA) LLC, and Mizuho Securities
USA 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 Goldman Sachs & Co. LLC toll-free at
(866) 471-2526, Credit Suisse Securities (USA) toll-free at (800) 221-1037 and LLC
Mizuho Securities USA LLC
toll-free at (866) 271-7403.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns two
electric companies in Florida:
Florida Power & Light Company,
which serves more than 5 million customer accounts in Florida and is the largest rate-regulated
electric utility in the United
States as measured by retail electricity produced and sold;
and Gulf Power Company, which serves approximately 460,000
customers in eight counties throughout northwest Florida. NextEra
Energy also owns a competitive energy business, NextEra Energy
Resources, LLC, which, together with its affiliated entities, is
the world's largest generator of renewable energy from the wind and
sun and a world leader in battery storage. 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. NextEra
Energy is ranked No. 1 in the electric and gas utilities industry
on Fortune's 2019 list of "World's Most Admired Companies" and
ranked among the top 25 on Fortune's 2018 list of companies that
"Change the World." For more information about NextEra Energy
companies, visit these websites: www.NextEraEnergy.com,
www.FPL.com, www.GulfPower.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.