NRG Energy, Inc. Announces Redemption of Its Outstanding 8.25% Senior Notes Due 2020 & Partial Redemption of Its Outstanding ...
August 02 2016 - 4:05PM
Business Wire
NRG Energy, Inc. (NYSE:NRG) today announced that it gave the
required notice under the respective governing indentures to redeem
for cash all of its outstanding 8.25% Senior Notes due 2020 (the
“2020 Notes”) and $489.9 million aggregate principal amount of
7.875% Senior Notes due 2021 (the “2021 Notes”) on September 1,
2016 (the “Redemption Date”). The redemption price for the 2020
Notes will be 102.750% of the principal amount of the 2020 Notes,
plus accrued and unpaid interest to the Redemption Date. The
redemption price for the 2021 Notes will be 103.938% of the
principal amount of the 2021 Notes, plus accrued and unpaid
interest to the Redemption Date.
This press release is for informational purposes only and is
not an offer to buy or the solicitation of an offer to sell any of
the 2020 Notes or the 2021 Notes.
About NRG
NRG is the leading integrated power company in the U.S., built
on the strength of the nation’s largest and most diverse
competitive electric generation portfolio and leading retail
electricity platform. A Fortune 200 company, NRG creates value
through best in class operations, reliable and efficient electric
generation, and a retail platform serving residential and
commercial businesses. Working with electricity customers, large
and small, we continually innovate, embrace and implement
sustainable solutions for producing and managing energy. We aim to
be pioneers in developing smarter energy choices and delivering
exceptional service as our retail electricity providers serve
almost 3 million residential and commercial customers throughout
the country.
Forward-Looking Statements
This communication contains forward-looking statements that may
state NRG’s or its management’s intentions, beliefs, expectations
or predictions for the future. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions, and
typically can be identified by the use of words such as “will,”
“expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe”
and similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, risks and
uncertainties related to the capital markets generally.
The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included herein should be considered in
connection with information regarding risks and uncertainties that
may affect NRG’s future results included in NRG’s filings with the
SEC at www.sec.gov.
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Media:Karen Cleeve, 609-524-4608orMarijke Shugrue,
609-524-5262orInvestors:Kevin L. Cole, CFA, 609-524-4526orLindsey
Puchyr, 609-524-4527
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