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NextEra Energy Capital Holdings, 5.25% Series K Jr Sub Debentures due 6/1/2076
Ticker Symbol: NEE-K* CUSIP: 65339K100 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/22/2021
Security has been Called for: Wednesday, December 22, 2021
Nov. 22, 2021 -- NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced that it will redeem on Dec. 22, 2021, ("redemption date") all of its outstanding Series K Junior Subordinated Debentures due June 1, 2076, that bear interest at 5.25% (NYSE: NEE.PRK) (CUSIP: 65339K 100), at a redemption price ("redemption price") of 100% of the principal amount thereof plus accrued and unpaid interest to but excluding the redemption date.
The redemption price for each Series K debenture will be equal to $25 (the principal amount of each Series K debenture) plus accrued and unpaid interest from Dec. 1, 2021, to but excluding Dec. 22, 2021, in the amount per Series K debenture of $0.0765625. The total principal amount of the Series K debentures is $570 million.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: NextEra Energy Capital Holdings, Inc., 5.25% Series K Junior Subordinated Debentures due 2076, issued in $25 denominations, redeemable at the issuer's option on or after 6/1/2021 at $25 per share plus accrued and unpaid interest, and maturing 6/1/2076. Interest distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be the close of business on the business day immediately prior to the payment date when it remains in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). The Company may defer interest payments on one or more occasions for up to 10 consecutive years (but not beyond the maturity date). The Company may redeem the debentures at their option prior to 6/1/2021 at $25 plus accrued and unpaid interest plus any applicable make-whole premium, or upon the occurrence of a change in tax laws or a change in rating agency methodology (see prospectus for further details). 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, subordinated obligations of the company and will rank equally with all existing and future unsecured, subordinated 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 - 5/31/2016 - 20.00 Million Debentures @ $25.00 /deb.
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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