By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – NextEra Energy Transmission Holdings Inc. sold $1.07 billion of 6.09% 20-year senior secured limited-recourse fully amortizing notes on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.
Substantially all of the proceeds from the sale of the notes will be used to fund distributions to NextEra Energy Capital Holdings, which NextEra Energy Capital Holdings will allocate to the funding of capital expenditures and for general corporate purposes.
The notes are secured by a first priority security interest in certain assets, including 100% of the ownership interests in NextEra Energy Transmission Holdings and certain of its subsidiaries, including an entity that has a 100% indirect interest in Trans Bay Cable LLC.
NextEra Energy is an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Transmission Holdings Inc.
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| Amount: | $1,065,000,000
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| Issue: | Senior secured limited-recourse fully amortizing notes
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| Maturity: | December 2042
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| Coupon: | 6.09%
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| Settlement date: | Dec. 21
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