JUNO
BEACH, Fla., Feb. 16,
2023 /PRNewswire/ -- NextEra Energy Capital Holdings,
Inc. today announced that it will conduct a remarketing of its
Series K Debentures due March 1,
2025 (the "Debentures") (CUSIP No. 65339KBP4), which are
currently outstanding in the aggregate principal amount of
$2.5 billion, on Feb. 22, 2023 (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.
65339F770) on Feb. 21, 2020 (the
"Corporate Units") in conjunction with a Purchase Contract
Agreement, dated as of Feb. 1, 2020
(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
100% of the aggregate principal amount of the Debentures being
remarketed and the Remarketing Fee (as this term is defined in the
Officer's Certificate, dated Feb. 21,
2020, 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 March 1,
2023. The Remarketing Fee will not exceed 0.25% of the
aggregate principal amount of the Debentures being remarketed.
Upon a successful remarketing, the proceeds of the remarketing
of the Debentures that are components of the Corporate Units equal
to the aggregate principal amount of such Debentures will be
applied to satisfy in full the obligation of the holders of the
Corporate Units to purchase NextEra Energy common stock on
March 1, 2023, pursuant to the
Purchase Contract Agreement. The proceeds from the remarketing of
any Debentures that are not a component of the Corporate Units and
whose holders elect to include some or all of those Debentures in
the remarketing will be paid to such holders.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and BofA
Securities, Inc. 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 J.P. Morgan Securities LLC collect at
1-212-834-4533, Wells Fargo Securities, LLC toll-free at
1-800-645-3751 and BofA Securities, Inc. toll-free at
1-800-294-1322.
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 2023 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.
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SOURCE NextEra Energy, Inc.