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NextEra Energy Capital Holdings, 5.625% Series H Jr Sub Debentures due 6/15/2072
Ticker Symbol: NEE-H* CUSIP: 65339K704 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/22/2017
Security has been Called for: Sunday, October 22, 2017
Sept. 22, 2017 -- NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy, Inc., today announced that it will redeem on Oct. 22, 2017, all of its outstanding (i) Series G Junior Subordinated Debentures due March 1, 2072, (NYSE: NEE.PRG) (CUSIP: 65339K605) and (ii) Series H Junior Subordinated Debentures due June 15, 2072, (NYSE: NEE.PRH) (CUSIP: 65339K704), in each case at a 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 Series G debenture will be equal to $25 (the principal amount of each Series G debenture) plus accrued and unpaid interest from Sept. 1, 2017, to but excluding Oct. 22, 2017, in the amount per Series G debenture of $0.201875. The total principal amount of the Series G debentures is $400 million. The redemption price for each Series H debenture will be equal to $25 (the principal amount of each Series H debenture) plus accrued and unpaid interest from Sept. 15, 2017, to but excluding Oct. 22, 2017, in the amount per Series H debenture of $0.14453125. The total principal amount of the Series H debentures is $350 million. On the redemption date, provided that the trustee has received sufficient funds to complete the redemption, the Series G debentures and the Series H 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 respective 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, 5.625% Series H Junior Subordinated Debentures due 6/15/2072, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2017 at $25 per share plus accrued and unpaid interest, and maturing 6/15/2072. The company may redeem the Junior Subordinated Debentures at its option before their maturity in whole or in part on one or more occasions before June 15, 2017 at 100% of their principal amount plus accrued and unpaid interest plus any applicable make-whole premium; in whole but not in part before June 15, 2017 at 100% of their principal amount plus accrued and unpaid interest, if certain changes in tax laws, regulations or interpretations occur; or in whole but not in part before June 15, 2017 at 102% of their principal amount plus accrued and unpaid interest if a rating agency makes certain changes in the equity credit methodology for securities such as the Junior Subordinated Debentures. Interest distributions of 5.625% per annum ($1.40625 per annum or $0.3515625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which will be the business day immediately prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The company has the right, at any time, to defer dividend payments for up to 10 consecutive years without giving rise to an event of default (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 Notes are unsecured and subordinated obligations of the company and will rank junior to all existing and future unsecured and unsubordinated indebtedness of the company. 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 - 6/14/2012 - 13.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $325.0 Million
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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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