NRG Energy, Inc. Prices Senior Notes Offering
November 30 2017 - 12:59PM
Business Wire
NRG Energy, Inc. (NYSE:NRG) has priced its offering of $870
million in aggregate principal amount of 5.75% senior notes due
2028 (the “New Notes”). The New Notes will be senior unsecured
obligations of NRG and will be guaranteed by certain of its
subsidiaries.
The New Notes mature on January 15, 2028. The offering is
expected to close on December 7, 2017, subject to customary
closing conditions.
NRG intends to use the net proceeds from the offering, together
with cash on hand, to repurchase any and all of the approximately
$869.2 million outstanding aggregate principal amount of its 6.625%
senior notes due 2023 (the “2023 Notes”) and to pay fees and
expenses related to the offering of the New Notes and incurred in
connection with the repurchase of the 2023 Notes.
The New Notes and related guarantees are being offered only to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), or,
outside the United States, to persons other than “U.S. persons” in
compliance with Regulation S under the Securities Act. The notes
and related guarantees have not been registered under the
Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements. This
notice is issued pursuant to Rule 135c of the Securities Act, and
does not constitute an offer to sell the notes, nor a solicitation
for an offer to purchase the notes.
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 and whether
NRG will offer the New Notes or consummate the offering, the
anticipated terms of the New Notes and the anticipated use of
proceeds.
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/20171130005923/en/
NRG Energy, Inc.Media:Sheri Woodruff,
609-524-4608Marijke Shugrue, 609-524-5262orInvestors:Kevin
L. Cole, CFA, 609-524-4526Lindsey Puchyr, 609-524-4527
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