NRG Energy, Inc. Announces Withdrawal of Proposed Offering of Senior Notes & Termination of Tender Offer for Any & All of Its...
November 09 2017 - 6:23PM
Business Wire
NRG Energy, Inc. (NYSE:NRG) announced today that it has decided
not to proceed with the previously announced offering of $870
million in aggregate principal amount of senior notes (the “New
Notes”) in response to broader market conditions.
As a result of its decision not to proceed with its senior notes
offering, NRG also announced today that it has terminated its
previously announced cash tender offer for any and all of the
approximately $869.2 million outstanding aggregate principal amount
of its 6.625% senior notes due 2023 (the “Existing Notes”) and the
concurrent solicitation of consents. The tender offer and consent
solicitation were conditioned upon the completion of a senior notes
offering of at least $870 million in gross proceeds. Any of the
Existing Notes that have been tendered will not be accepted for
purchase and no consideration will be paid or become payable to
holders thereof.
Any questions relating to the termination of the tender offer
and consent solicitation may be directed to D.F. King & Co.,
Inc. at (800) 269-6427 (Toll-Free) or (212) 269-5550.
This press release is for informational purposes only and does
not constitute an offer to sell or purchase, or a solicitation of
an offer to sell or purchase, any New Notes, Existing Notes or
other securities.
About NRG
NRG is the leading integrated power company in the U.S., built
on the strength of our diverse competitive electric generation
portfolio and leading retail electricity platform. A Fortune 500
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 implement sustainable
solutions for producing and managing energy, developing smarter
energy choices and delivering exceptional service as our retail
electricity providers serve almost three 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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version on businesswire.com: http://www.businesswire.com/news/home/20171109006756/en/
NRG Energy, Inc.Media:Sheri Woodruff,
609-524-4608orMarijke Shugrue, 609-524-5262Investors:Kevin
L. Cole, CFA, 609-524-4526orLindsey Puchyr, 609-524-4527
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