NextEra Energy Partners, LP announces anticipated effective date of resale registration statement with respect to common units issuable upon conversion of 0% convertible senior notes due 2024

Rhea-AI Summary

NextEra Energy Partners, LP (NYSE: NEP) announced that the resale registration statement for its common units, associated with $500 million of 0% convertible senior notes due 2024, is expected to be effective by June 7, 2022. Initially filed on April 15, 2022, this registration allows for the resale of these units upon conversion. Holders must submit a selling securityholder notice by May 23, 2022, to be included in the registration. The company operates contracted clean energy projects and has a diverse portfolio in wind, solar, and energy storage across the U.S.

Positive

• Anticipated effective date for resale registration statement on June 7, 2022.
• Allows holders of convertible senior notes to resale common units, enhancing liquidity.

Negative

• None.

JUNO BEACH, Fla., May 16, 2022 /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 April 15, 2022 (the "resale registration statement"), will be declared effective by the Commission on or about June 7, 2022. 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 0% convertible senior notes due 2024 (the "notes"). The notes were originally sold on June 17, 2021. 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 May 23, 2022, 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.

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

FAQ

What is the anticipated effective date for the resale registration statement for NEP?

The resale registration statement for NextEra Energy Partners is expected to be effective on June 7, 2022.

What amount of convertible senior notes is associated with the NEP registration statement?

NextEra Energy Partners' registration statement is associated with $500 million of 0% convertible senior notes due in 2024.

What must holders do to be included in the NEP resale registration?

Holders must submit a selling securityholder notice and questionnaire by May 23, 2022.

When was the resale registration statement for NEP initially filed?

The resale registration statement was initially filed on April 15, 2022.