NextEra Energy Capital to price guaranteed floaters due 2023

By Rebecca Melvin

Concord, N.H., Oct. 27 – NextEra Energy Capital Holdings Inc. plans to price floating-rate guaranteed debentures due November 2023, according to a 424B5 filing with the Securities and Exchange Commission.

The debt is guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc.

The debentures will bear interest at a rate equal to compounded SOFR plus a margin, and they are callable after May 2022 at par plus accrued interest.

The bookrunners of the registered deal are BMO Capital Markets Corp., J.P. Morgan Securities LLC, MUFG and SMBC Nikko Securities America Inc.

Co-managers include Academy Securities Inc., Hancock Whitney Investment Services Inc., Huntington Securities Inc. and Natixis Securities Americas LLC, and the junior co-managers include Cabrera Capital Markets LLC and Mischler Financial Group Inc.

Proceeds from the sale will be added to the company’s general funds for general corporate purposes, which may be used for repayment of a portion of NEE Capital’s outstanding commercial paper.

NextEra Energy is an energy company based in Juno Beach, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.