NextEra Energy Inc. Announces Common Stock Offering

NA Windpower, Tuesday 19 November 2013 - 00:00:00

NextEra Energy Inc., a Florida-based clean energy company, plans to make an offering of 11.1 million shares of its common stock in a registered underwritten public offering. The company says it will use net proceeds to fund investments in energy and power projects, including renewable power projects, and for other general corporate purposes.

Of the shares being offered, NextEra Energy expects to issue and sell 4.5 million shares to the underwriters in the offering, and subject to certain conditions, the forward counterparty (or its affiliate) is expected to borrow and sell to the underwriters 6.6 million shares in connection with a forward sale agreement. NextEra Energy will issue and sell additional shares to the underwriters to the extent that the forward counterparty (or its affiliate) does not borrow and sell such number of shares. Closing of this offering is expected to occur on or about Nov. 22.




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