By Cristal Cody
Tupelo, Miss., Aug. 21 – NextEra Energy Capital Holdings Inc. priced $1,066,000,000 of floating-rate debentures (Baa1/BBB+/A-) in two tranches on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The company sold $716 million of notes due Aug. 21, 2020 at par to yield Libor plus 40 basis points.
NextEra priced the $350 million of notes due Aug. 28, 2021 at par to yield Libor plus 55 bps.
Wells Fargo Securities LLC was the bookrunner.
Proceeds will be used for investments in energy and power projects and for other general corporate purposes, including repaying commercial paper.
NextEra Energy, Inc. will guarantee the notes.
NextEra Energy Capital is a subsidiary of the Juno Beach, Fla.-based energy company.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Guarantor: | NextEra Energy, Inc.
|
| Amount: | $1,066,000,000
|
| Description: | Floating-rate debentures
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Trade date: | Aug. 21
|
| Settlement date: | Aug. 28
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
|
|
| Two-year notes
|
| Amount: | $716 million
|
| Maturity: | Aug. 21, 2020
|
| Coupon: | Libor plus 40 bps
|
| Price: | Par
|
| Yield: | Libor plus 40 bps
|
| Call feature: | On or after Aug. 28, 2019 at par
|
|
|
| Three-year notes
|
| Amount: | $350 million
|
| Maturity: | Aug. 28, 2021
|
| Coupon: | Libor plus 55 bps
|
| Price: | Par
|
| Yield: | Libor plus 55 bps
|
| Call feature: | On or after Aug. 28, 2019 at par
|
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