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NextEra Energy Capital Holdings, 8.75% Series F Jr Sub Debentures due 3/1/2069
Ticker Symbol: NEE-F* CUSIP: 65339K506 Previous CUSIP: 302570601 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/01/2014
Security has been Called for: Saturday, March 1, 2014
Jan. 24, 2014 -- NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy, Inc. (NEE), today announced that it will redeem on March 1, 2014 all of its outstanding Series F Junior Subordinated Debentures due 2069 (NYSE:NEE.PRF) (CUSIP:65339K 506) at the redemption price of 100 percent of the principal amount thereof plus accrued and unpaid interest to but excluding the redemption date. The redemption price for each debenture will be equal to $25 (the principal amount of each debenture) plus accrued and unpaid interest from December 1, 2013 to but excluding March 1, 2014 in the amount per debenture of $0.546875. The total principal amount of the debentures is $375 million. On the redemption date, provided that the trustee has received sufficient funds to complete the redemption, the debentures will become due and payable and interest will cease to accrue. Payment of the redemption price shall be made on or after the redemption date, upon presentation and surrender of the debentures to the trustee at the following address: The Bank of New York Mellon, Bondmaster Ops – Syracuse-Vault (Tel:1-800-254-2826), 111 Sanders Creek Parkway, East Syracuse, N.Y. 13057.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: NextEra Energy Capital Holdings Inc., formerly the FPL Group Capital Inc., 8.75% Series F Junior Subordinated Debentures due 3/1/2069, issued in $25 denominations, redeemable at the issuer's option on or after 3/1/2014 at $25 per share plus accrued and unpaid interest, and maturing 3/1/2069. Distributions of 8.75% ($2.1875) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record at the close of business on the business day immediately preceeding the payment date. The company has the right, at any time and on more than one occasion, to defer interest payments for up to 10 consecutive years (but not beyond the maturity date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The debentures are unsecured and will rank junior and be subordinated in right of payment and upon liquidation to all of FPL Group Capital’s Senior Indebtedness, and FPL Group’s payment obligation under the Subordinated Guarantee will be unsecured and will rank junior and be subordinated in right of payment and upon liquidation to all of FPL Group’s Senior Indebtedness. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NEE)
IPO - 3/13/2009 - 14.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: FPL-F Changed: 6/25/2010
Previous Name: FPL Group Capital, 8.75% Series F Junior Subordinated Debentures due 3/1/2069 Changed: 12/15/2010
Market Value $350.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 700 Universe Blvd., Juno Beach, FL 33408 |
Main Phone Number |
561-694-4000 |
Fax Number |
561-691-7272 |
Investor Relations
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561-694-4697
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Toll Free Phone Number |
800-222-4511 |
CEO - Lewis Hay III |
CFO - Moray P. Dewhurst |
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