Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
NEE > SEC Filings for NEE > Form 8-K on 22-Nov-2013All Recent SEC Filings

Show all filings for NEXTERA ENERGY INC

Form 8-K for NEXTERA ENERGY INC


22-Nov-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On November 22, 2013, NextEra Energy, Inc. (NEE) sold 4,500,000 shares of its common stock (the company shares) to Citigroup Global Markets Inc. and Barclays Capital Inc. (the underwriters), and Citigroup Global Markets Inc., as agent of Citibank, N.A. in the capacity of forward counterparty as described below, sold to the underwriters 6,600,000 shares of NEE's common stock (the borrowed shares) in connection with the forward sale agreement described below.

In connection with the offering and sale of the borrowed shares, NEE entered into a confirmation of forward sale transaction, dated November 18, 2013 (the forward sale agreement) with the forward counterparty. Under the forward sale agreement, NEE is obligated to deliver to the forward counterparty shares of NEE common stock on the settlement date or dates of the forward sale agreement, unless cash settlement or net share settlement is elected by NEE as described below. The forward sale agreement provides for settlement on a settlement date or dates to be specified at NEE's direction, which settlement will occur no later than December 31, 2014. NEE generally has the right to elect physical, cash or net share settlement under the forward sale agreement. Although NEE expects to physically settle the forward sale agreement entirely by delivering an aggregate of 6,600,000 shares of its common stock, it may elect cash or net share settlement, in its discretion, for all or a portion of its obligations under the forward sale agreement. In the event that NEE elects physical settlement of the forward sale agreement, it will deliver shares of its common stock in exchange for cash proceeds at the then applicable forward sale price. The forward sale price will initially be $88.03 per share, which is the price per share at which the underwriters purchased the common stock from the forward counterparty. In the event that NEE elects cash or net share settlement, the forward sale price will be compared to an average market price around the settlement date. NEE will pay the differential in cash or net shares equal to the difference if the average market price exceeds the forward sale price. The forward counterparty will pay the differential in cash or net shares equal to the difference if the average market price is less than the forward sale price. The forward sale agreement provides that the initial forward sale price will be subject to adjustment. The forward counterparty will have the right to accelerate the forward sale agreement and require NEE to physically settle the forward sale agreement on a date specified by the forward counterparty in certain circumstances.

The description of the forward sale agreement set forth above is qualified in its entirety by reference to the forward sale agreement, a copy of which is filed as exhibit 1 to this Current Report on Form 8-K and incorporated by reference herein.

In connection with the offering and sale of the company shares and the borrowed shares, the shares were registered under the Securities Act of 1933 pursuant to Registration Statement Nos. 333-183052, 333-183052-01 and 333-183052-02. This Current Report on Form 8-K is being filed in part to report as exhibits certain documents in connection with the sale of the shares.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are being filed pursuant to Item 8.01 herein.

     Exhibit
      Number                                Description
        1       Confirmation of Forward Sale Transaction dated November 18, 2013
                between NextEra Energy, Inc. and Citibank, N.A. in its capacity as
                the forward counterparty
       5(a)     Opinion and Consent, dated November 22, 2013, of Squire Sanders
                (US) LLP, counsel to NextEra Energy, Inc.
       5(b)     Opinion and Consent, dated November 22, 2013, of Morgan, Lewis &
                Bockius LLP, counsel to NextEra Energy, Inc.


  Add NEE to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for NEE - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.