By Cristal Cody
Tupelo, Miss., May 2 – NextEra Energy Capital Holdings Inc. sold $400 million of three-year floating-rate debentures (Baa1/BBB+) on Wednesday at par to yield Libor plus 48 basis points, according to an FWP filing with the Securities and Exchange Commission.
Wells Fargo Securities, LLC was the bookrunner.
The debentures are unconditionally guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc.
Proceeds will be added to the company’s general funds. NextEra intends to use the general funds for investments in energy and power projects and for other general corporate purposes, including to repay a portion of outstanding commercial paper obligations.
NextEra Energy is an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Guarantor: | NextEra Energy, Inc.
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| Amount: | $400 million
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| Description: | Floating-rate debentures
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| Maturity: | May 4, 2021
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| Bookrunner: | Wells Fargo Securities, LLC
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| Coupon: | Libor plus 48 bps
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| Price: | Par
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| Yield: | Libor plus 48 bps
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| Trade date: | May 2
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| Settlement date: | May 4
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| Ratings: | Moody’s: Baa1
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| S&P: BBB+
|
| Distribution: | SEC registered
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