E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers N > Headlines for NextEra Energy Partners, LP > News item
Published on 9/4/2019 in the Prospect News Convertibles Daily and Prospect News Green Finance Daily.

NextEra Energy pricing $1.5 billion 4.872% three-year mandatory convertible in overnight deal

By Rebecca Melvin

New York, Sept. 4 – NextEra Energy Partners, LP is pricing $1.5 billion of 4.872% three-year mandatory convertible equity units with a 25% initial conversion premium on an overnight basis, according to a market source on Wednesday.

The units are being reoffered at $49.00 to $49.25.

Barclays, Goldman Sachs and Credit Suisse are joint bookrunners of the Securities and Exchange Commission registered deal.

Proceeds are earmarked for general corporate purposes.

NextEra Energy Partners is a Juno Beach, Fla.-based limited partnership formed by NextEra Energy Inc. to own, operate and acquire clean energy projects.


© 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.