NextEra Energy To Sell Up to $650M Shares to Goldman Sachs

NextEra Energy, Inc. NEE announced today that it has agreed to sell $650 million of equity units to Goldman, Sachs & Co., Barclays, and Citigroup. The transaction is expected to close on Sept. 11, 2012. Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future, and a 5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due Sept. 1, 2017, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc. Total annual distributions on the equity units will be at the rate of 5.889 percent, consisting of interest on the debentures and payments under the stock purchase contracts.