NextEra Energy Partners, LP has announced that its resale registration statement is expected to be declared effective by the Securities and Exchange Commission (SEC) on or around December 12, 2023. The registration statement will allow for the resale of NextEra Energy Partners’ common units which are issuable upon the conversion of $500 million worth of 2.50% convertible senior notes due in 2026.
The initial sale of these notes took place on December 12, 2022, and a registration rights agreement was also signed between NextEra Energy Partners and the initial purchaser of the notes. This agreement mandated the filing of the resale registration statement.
To be included in the resale registration statement, holders or beneficial owners of the notes must complete and submit a selling securityholder notice and questionnaire to NextEra Energy Partners by November 28, 2023. The notice and questionnaire details can be obtained from NextEra Energy Partners directly.
It is important to note that although the registration statement has been filed, it has not yet become effective. Until it does, the securities cannot be sold or offers to buy accepted.
NextEra Energy Partners is a growth-oriented limited partnership that focuses on acquiring, managing, and owning contracted clean energy projects with stable, long-term cash flows. The partnership, formed by NextEra Energy, Inc., is headquartered in Juno Beach, Florida, and owns a diverse portfolio of wind, solar, and energy storage projects across the United States, as well as natural gas infrastructure assets in Texas and Pennsylvania. For more information about NextEra Energy Partners, visit their official website.
Frequently Asked Questions
Q: What is the purpose of the resale registration statement filed by NextEra Energy Partners?
A: The resale registration statement allows for the resale of NextEra Energy Partners’ common units which are issuable upon the conversion of previously issued convertible senior notes.
Q: When is the expected approval date for the registration statement?
A: The registration statement is anticipated to be declared effective by the SEC on or about December 12, 2023.
Q: What is the deadline for holders or beneficial owners of the notes to be included in the resale registration statement?
A: Holders or beneficial owners must complete and deliver a selling securityholder notice and questionnaire to NextEra Energy Partners by November 28, 2023.
Q: Can the securities be sold or offers to buy accepted before the registration statement becomes effective?
A: No, the securities cannot be sold nor offers to buy be accepted until the registration statement becomes effective.
Q: Where can further information be obtained regarding the selling securityholder notice and questionnaire?
A: The notice and questionnaire details can be obtained directly from NextEra Energy Partners.
