By Cristal Cody
Tupelo, Miss., Aug. 6 – NextEra Energy Capital Holdings Inc. priced $699,928,000 of 3.342% debentures due Sept. 1, 2020 (Baa1/BBB+/A-) in a remarketing on Monday at 100.285 to yield 3.199%, or a spread of 55 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
Barclays, Mizuho Securities USA LLC and Wells Fargo Securities, LLC were the remarketing agents.
The issue previously had $700 million of notes outstanding, which originally were issued as part of NextEra Energy, Inc.’s corporate units on Sept. 16, 2015 in conjunction with a purchase contract agreement on Sept. 1, 2015.
Proceeds from the remarketing will be used to purchase a portfolio of U.S. Treasury securities, which will be pledged to secure the obligation of the holders of the corporate units to purchase NextEra Energy common stock on Sept. 1.
NextEra Energy Capital is a subsidiary of NextEra Energy, Inc., an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
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| Guarantor: | NextEra Energy, Inc.
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| Amount: | $699,928,000 remarketing
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| Description: | Series H debentures
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| Maturity: | Sept. 1, 2020
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| Bookrunners: | Barclays, Mizuho Securities USA LLC and Wells Fargo Securities, LLC
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| Coupon: | 3.342%
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| Price: | 100.285
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| Yield: | 3.199%
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| Spread: | Treasuries plus 55 bps
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| Call feature: | Non-callable
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| Trade date: | Aug. 6
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| Settlement date: | Aug. 9
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| Ratings: | Moody’s: Baa1
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| S&P: BBB+
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| Fitch: A-
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| Distribution: | SEC registered
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