By Cristal Cody
Chicago, March 15 – NextEra Energy Capital Holdings Inc. sold $2.5 billion of two-year notes in fixed-rate and floating-rate tranches on Monday, according to a market source.
The first tranche is for $500 million of floaters that bear interest at SOFR plus 54 basis points.
The floating-rate notes will have an interest rate that resets quarterly starting June 1.
The fixed-rate tranche consists of $2 billion of 0.65% notes that priced with a spread of Treasuries plus 50 bps.
The notes will be guaranteed by parent NextEra Energy, Inc.
Barclays, BofA Securities Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the joint bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.
Proceeds will be used for general funds, which fund investments in energy and power projects and for other general corporate purposes. General corporate purposes may include the repayment of a portion of the company’s outstanding commercial paper obligations, of which there is $3.37 billion.
The energy company is based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Guarantor: | NextEra Energy, Inc.
|
| Issue: | Notes
|
| Amount: | $2.5 billion
|
| Maturity: | March 1, 2023
|
| Bookrunners: | Barclays, BofA Securities Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC (passive)
|
| Trade date: | March 15
|
| Distribution: | SEC registered
|
|
|
| Floating-rate notes
|
| Amount: | $500 million
|
| Coupon: | SOFR plus 54 bps, resets quarterly
|
|
|
| Fixed-rate notes
|
| Amount: | $2 billion
|
| Coupon: | 0.65%
|
| Spread: | Treasuries plus 50 bps
|
|
|
© 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.
