JUNO
BEACH, Fla., Nov. 20,
2023 /PRNewswire/ -- NextEra Energy Partners, LP
(NYSE: NEP) today announced that it anticipates that the resale
registration statement on Form S-3, previously filed by NextEra
Energy Partners with the Securities and Exchange Commission (the
"Commission") on Nov. 13, 2023 (the
"resale registration statement"), will be declared effective by the
Commission on or about Dec. 12, 2023.
The registration statement will register the resale of NextEra
Energy Partners' common units issuable upon conversion of its
previously issued $500
million in aggregate principal amount of 2.50% convertible
senior notes due 2026 (the "notes"). The notes were originally sold
on Dec. 12, 2022. At the same time, a
registration rights agreement was entered into between NextEra
Energy Partners and the initial purchaser of the notes, which
required the filing of the resale registration statement.
In order for a holder or beneficial owner of the notes to be
named as a selling securityholder and to have its common units
included in the resale registration statement at the time of
effectiveness, the holder or beneficial owner must complete and
deliver a selling securityholder notice and questionnaire, on or
before Nov. 28, 2023, to
NextEra Energy Partners, LP
700 Universe Boulevard
Juno Beach, FL 33408
Attention: Corporate Secretary
Phone: 561-694-4700
Fax: 561-691-7702
The selling securityholder notice and questionnaire, and further
information, may be obtained from NextEra Energy Partners as
specified above.
A registration statement relating to these securities has been
filed with the Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective.
The conversion rate for the notes, which is subject to
adjustment as specified in the notes indenture, currently is
10.5339 NextEra Energy Partners' common units per $1,000 of the notes, which is equivalent to a
conversion price of approximately $94.9316 per common unit. If the notes are
converted, NextEra Energy Partners will pay
cash up to the aggregate principal amount of the notes
and pay or deliver, cash, NextEra Energy Partners' common units or
a combination of cash and common units, above the aggregate
principal amount, with such settlement at NextEra
Energy Partners' election. NextEra Energy Partners does not
anticipate issuing common units based, in part, on
the conversion price of the notes.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented
limited partnership formed by NextEra Energy, Inc. (NYSE:
NEE). NextEra Energy Partners acquires, manages and owns
contracted clean energy projects with stable, long-term cash flows.
Headquartered in Juno Beach, Florida, NextEra Energy
Partners owns interests in geographically diverse wind, solar
and energy storage projects in the U.S. as well as
natural gas infrastructure assets
in Texas and Pennsylvania. For more information
about NextEra Energy Partners, please visit:
www.NextEraEnergyPartners.com.
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SOURCE NextEra Energy Partners, LP