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📄 Extracted Text (742 words)
From: Richard Kahn •Tzl [=.
To: "Jeffrey E." [email protected]>
Subject: Fwd: New Preferred
Date: Tue, 31 May 2016 15:29:51 +0000
Attachments: red_SUBNEE_June2016.pdf
Profile Get Profile for:
NextEra Energy, Inc.
700 Universe Boulevard
Juno Beach, FL 33408
United States - Map
Phone:
Website: httpliwww.nexteraenergy.com
Details
Index Membership: N/A
Sector: Utilities
Industry: Electric Utilities
Full Time Employees: 14,300
Business Summary
NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric
energy in the United States and Canada. The company generates electricity from gas, oil,
solar, coal, petroleum coke, nuclear, and wind sources. As of December 31, 2015, it
served approximately 9.5 million people through approximately 4.8 million customer
accounts in the east and lower west coasts of Florida. The company had approximately
46,400 megawatts of generating capacity. It also leases fiber-optic network capacity and
dark fiber to telephone, wireless, and Internet companies. The company was formerly
known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010.
NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
te
Begin forwarded message:
From: "Pollard. James S"
EFTA00826577
Subject: New Preferred
Date: May 31, 2016 at 11:23:32 AM EDT
To: "Richard Kahn >
Cc: "Darrah, John W - NEW YORK NY" < "Squillante, Jennifer - 2"
Rich,
Prospectus and details attached.
Ticketing opens at 11:30
SxtEra Energy Capital Holdings‘ Inc. Series K Junior Subordinated Debentures due 2076
NextEra Energy, Inc. NEE
PRICE TALK: • 5.25% - 5.375% AREA
• Price talk subject to change, dependent on demand. Deal could potentially price below the initial
price talk. Any changes in price talk should be communicated to clients.
Expected Ratings: Baal (stable outlook) / BBB (stable outlook)! BBB (stable outlook)
6/1/2076
Junior Subordinated Debentures
Optional Redemption: • Callable on or after 6/1/21 © $25.00 plus unpaid and accrued interest
• Callable prior to 6/1/21 @ $25 plus any applicable make whole premium at T + xx bps.
• Callable prior to 6/1/21 @ $25.00 plus unpaid and accrued interest upon the occurrence of a lax
event".
• Callable prior to 6/1121 @ $25.50 plus unpaid and accrued interest upon the occurrence of a -rating
agency event".
• SEE THE PROSPECTUS FOR ADDITIONAL DETAILS
Distributions: • Cumulative
• Company has the option to defer payments for up to 10 consecutive years
• Quarterly pay (March, June, September, December)
• First coupon 9/1/16 (short first coupon)
Expected Taxation: Fully taxable as ordinary income I Not CID' or DRD eligible
INYSE I Expected to list within 30 days after offering
Size of Offering: • Announced Size: 8mm shares
• Final Size: xxmm shares
Expected Settlement Date: ITBD (Expected settle: T•5)
Par Amount:
James B. Pollard
Registered Analyst
Team Darrah I Merrill Lynch Wealth Management
The Park Avenue Office
200 Park Avenue I 34th Floor I New York I New York 10166
Team Darrah Website
The information set forth herein was from sources. which we believe reliable but we do not guarantee its accuracy neither the information nor an opinion expressed
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that we believe to be reliable, but we do not offer any guarantees as to its accuracy or completeness. Past performance is no
EFTA00826578
guarantee of future results. All information is subject to change without notice. Neither the information nor any opinion expressed
constitutes a solicitation for the purchase or sale of any security or other instrument. Merrill Lynch considers your trade
confirmations and monthly statements to be the official documentation of all transactions.
Bank of America Corporation (Bank of America) is a financial holding company that, through its subsidiaries and affiliate companies,
provides banking and nonbanking financial services.
Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker•dealer, member of SIPC, and wholly owned subsidiary of
Bank of America Corporation.
Investment products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
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EFTA00826579
ℹ️ Document Details
SHA-256
c9eb66683672e1ed3cc531a1f81f759ccde35336a6a51bb11a42be6fa507ae2f
Bates Number
EFTA00826577
Dataset
DataSet-9
Type
document
Pages
3
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