JUNO BEACH, Fla. – NextEra Energy, Inc. (NYSE:NEE) announced today that it intends to sell $600 million of equity units.
Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future, and a 1/20th, or 5 percent, undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due June 1, 2017, in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc.
The holder would be required to complete the stock purchase by no later than June 1, 2015, and may satisfy its purchase obligation with proceeds raised from remarketing the NextEra Energy Capital Holdings debentures that comprise part of its equity unit.
NextEra Energy Capital Holdings will add the net proceeds from the sale of the NextEra Energy Capital Holdings debentures, which are expected to be approximately $580 million or approximately $670 million if an overallotment option is exercised in full (in each case, after deducting the underwriting discount and other offering expenses) to its general funds.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. Each offering may be made only by means of a prospectus and the related prospectus supplement, copies of which may be obtained from NextEra Energy, Inc., Investor Relations, telephone (561) 694-4697.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with revenues of more than $15.3 billion, more than 41,000 megawatts of generating capacity, and approximately 15,000 employees in 24 states and Canada as of year-end 2011. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country, and NextEra Energy Resources, LLC, which together with affiliated entities is the largest generator in the United States of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy operates the third largest number of commercial nuclear power units in the United States. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.