Convertibles Calendar: NextEra pricing $700 million of units

September 11

NEXTERA ENERGY INC.:

• $700 million mandatory convertible equity units

• Talked 6.371% distribution rate, up 20%

• Pricing on an overnight basis

• Maturity Sept. 1, 2018

• Registered

• Joint bookrunners Barclays, Mizuho Securities USA Inc. and Wells Fargo Securities Inc.

• Proceeds to be added to the general fund for investments in energy and power projects, including renewable power projects, and investments in NextEra Energy Partners LP’s subsidiary NexEra Energy Operating Partners LP

• June Beach, Fla.-based power generation and transmission company

• NYSE: NEE

On The Horizon

BLACK HILLS CORP.:

• Up to $575 million to $675 million of equity and equity-linked debt

• Part of a package of financing for its acquisition of SourceGas Holdings LLC

• Acquisition expected to close first half 2016

• Rapid City, S.D.-based integrated energy company

• NYSE: BKH

International Calendar

On The Horizon

LIDA GROUP HOLDINGS CO. INC.:

• ¥30 billion five-year convertibles

• Issued at 100.5% of par

• Reoffered at 103% of par

• 0% coupon, up 25%-35%

• Regulation S

• Proceeds to fund inter-company loans

• Non-callable with no puts

• Tokyo-based holding company focused on the real estate business

• Tokyo: 3291

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