debt
confidence high
sentiment neutral
materiality 0.50
NextEra Capital Holdings prices $900M of 3.00% exchangeable senior notes due 2027
NEXTERA ENERGY INC
- $900M principal, 3.00% interest, due March 1, 2027; underwriters option for additional $100M.
- Net proceeds ~$889.5M (or ~$988.5M with greenshoe); used for energy investments and repaying commercial paper.
- Capped call transactions cost ~$47M to offset dilution; cap price $83.34/share (50% premium over $55.56 closing price).
- Notes are exchangeable at any time; initial exchange rate 14.6927 per $1,000 principal (22.5% premium).
- Guaranteed by NextEra Energy on senior unsecured basis; offered in private placement to QIBs.