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NextEra Energy Capital Holdings, 5.125% Series I Jr Sub Debentures 11/15/2072
Ticker Symbol: NEE-I* CUSIP: 65339K803 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/24/2020
Security has been Called for: Saturday, October 24, 2020
Sept. 24, 2020 -- NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced that it will redeem on Oct. 24, 2020, ("redemption date") all of its outstanding (i) Series I Junior Subordinated Debentures due Nov. 15, 2072, that bear interest at 5.125% (NYSE: NEE-I) (CUSIP: 65339K803) ("Series I debentures") and (ii) Series J Junior Subordinated Debentures due Jan. 15, 2073, that bear interest at 5.00% (NYSE: NEE-J) (CUSIP: 65339K886) ("Series J debentures"), in each case at a redemption price ("redemption price") of 100% of the principal amount thereof plus accrued and unpaid interest to but excluding the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: NextEra Energy Capital Holdings, 5.125% Series I Junior Subordinated Debentures due 11/15/2072, issued in $25 denominations, redeemable at the issuer's option on or after 11/15/2017 at $25 per share plus accrued and unpaid interest, and maturing 11/15/2072. 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 11/15/2017 at 100% of their principal amount plus accrued and unpaid interest plus any applicable make-whole premium; in whole but not in part before 11/15/2017 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 11/15/2017 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 5.125% per annum ($1.28125 per annum or $0.3203125 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 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 one business day 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. The notes 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 - 11/14/2012 - 20.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $500.0 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 - James L. Robo |
CFO - Rebecca J. Kujawa |
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