NextEra Energy Capital Holdings Inc. will remarket its $700 million of outstanding series H debentures due Sept. 1, 2020, on Aug. 6.
The debentures were originally issued as part of NextEra Energy Inc.'s corporate units in September 2015 and are secured by the parent company, according to a July 27 news release.
Upon successful remarketing of the securities, the company will use proceeds to purchase a portfolio of U.S. Treasury securities, which will be substituted for the debentures and pledged to secure the obligation of the holders of the corporate units to purchase NextEra Energy common stock on Sept. 1. The proceeds that are not part of the corporate units will be paid to unit holders at their discretion.
Barclays Capital Inc., Mizuho Securities USA LLC and Wells Fargo Securities LLC are acting as remarketing agents.