NextEra Energy announces common stock offering
In connection with the offering, NextEra Energy intends to enter into forward sale agreements with financial institutions, referred to in such capacity as the forward counterparties, pursuant to which NextEra Energy will agree to issue and sell to the forward counterparties (subject to NextEra Energy's right to elect net share or cash settlement of any such forward sale agreement) 12,000,000 shares of NextEra Energy's common stock at the price per share at which the underwriters purchase the shares in the offering, subject to certain adjustments, upon physical settlement of the forward sale agreements. To the extent that the underwriters exercise the over-allotment option, NextEra Energy expects to enter into additional forward sale agreements. Settlement of the forward sale agreements is expected to occur no later than
NextEra Energy will not receive any proceeds from the sale of the common stock sold by the forward counterparties to the underwriters. The net proceeds from the sale of the common stock by NextEra Energy to the forward counterparties upon settlement of the forward sale agreements (assuming the shares subject to the forward sale agreements are physically settled at the price per share at which the underwriters purchase the shares in the offering and assuming no exercise of the underwriters' over-allotment option) are expected to be approximately
NextEra Energy will add any net proceeds that it receives upon settlement of the forward sale agreements and any additional forward sale agreements to its general funds. NextEra Energy expects to use its general funds to fund, in part, the merger consideration of approximately
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offering may be made only by means of a prospectus and the related prospectus supplement, copies of which may be obtained from
Cautionary Statements And Risk Factors That May Affect Future Results
This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of
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