JUNO
BEACH, Fla., July 25,
2022 /PRNewswire/ -- NextEra Energy Capital Holdings,
Inc. today announced that it will conduct a remarketing of its
Series J Debentures due Sept. 1,
2024 (the "Debentures") (CUSIP No. 65339KBL3), which are
currently outstanding in the aggregate principal amount of
$1.5 billion, on Aug. 2, 2022 (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. 65339F796) on
Sept. 9, 2019 (the "Corporate Units")
in conjunction with a Purchase Contract Agreement, dated as of
Sept. 1, 2019 (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 Sept. 9, 2019, 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, 2022, 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., Goldman Sachs & Co. LLC and Credit
Suisse 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 request it by
calling Barclays Capital Inc. toll free at (888) 603-5847, Goldman
Sachs & Co. LLC toll-free at (866) 471-2526
and Credit Suisse Securities (USA)
LLC toll-free at (800) 221-1037.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns
Florida Power & Light Company,
which is America's largest electric utility that sells more power
than any other utility, providing clean, affordable, reliable
electricity to approximately 5.8 million customer accounts, or more
than 12 million people across Florida. NextEra Energy also owns a
competitive clean 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 seven
commercial nuclear power units in Florida, New
Hampshire and Wisconsin.
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 2022 list of
"World's Most Admired Companies," recognized on Fortune's 2021 list
of companies that "Change the World" and received the S&P
Global Platts 2020 Energy Transition Award for leadership in
environmental, social and governance. For more information about
NextEra Energy companies, visit these websites:
www.NextEraEnergy.com,
www.FPL.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.