NextEra Energy plans series P junior subordinated debentures due 2082

By Marisa Wong

Los Angeles, Dec. 9 – NextEra Energy Capital Holdings Inc. plans to price series P junior subordinated debentures due March 15, 2082 guaranteed by parent company NextEra Energy, Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The interest rate will reset on March 15, 2027 to a rate equal to five-year Treasuries plus a spread.

The debentures will be callable in whole or in part at par on March 15, 2027 or any interest payment date after that.

The bookrunners are Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC.

Academy Securities, Inc., DZ Financial Markets LLC, HSBC Securities (USA) Inc. and WR Securities, LLC are the co-managers.

The company will add the net proceeds from the sale to its general funds, which may then be used to repay short-term borrowings, to repurchase outstanding debt and for other general corporate purposes.

The issuer does not intend to apply to list the debentures on any securities exchange.

NextEra Energy is an energy company based in Juno Beach, Fla.

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