NRG Energy, Inc. Announces Redemption of $500 Million of Its 6.625% Senior Notes Due 2027
September 22 2021 - 6:31AM
Business Wire
NRG Energy, Inc. (NYSE:NRG) announces that it gave the required
notice under the indenture governing the notes to optionally redeem
$500 million in aggregate principal amount of its outstanding
6.625% Senior Notes due 2027 (the “Notes”) on October 6, 2021 (the
“Redemption Date”). NRG intends to finance the redemption and
associated costs with proceeds from its liquidity facilities. The
optional redemption is conditioned upon NRG having sufficient
availability under its liquidity facilities to complete such
redemption on the Redemption Date. The redemption price will be
103.313% of the principal amount of the Notes to be redeemed, plus
accrued and unpaid interest on such Notes to the Redemption
Date.
A notice of conditional redemption is being sent to all
currently registered holders of the Notes by the Trustee, Delaware
Trust Company. This press release does not constitute an offer to
sell any security, including the Notes, nor a solicitation for an
offer to purchase any security, including the Notes.
About NRG
At NRG, we’re bringing the power of energy to people and
organizations by putting customers at the center of everything we
do. We generate electricity and provide energy solutions and
natural gas to millions of customers through our diverse portfolio
of retail brands. A Fortune 500 company, operating in the United
States and Canada, NRG delivers innovative solutions while
advocating for competitive energy markets and customer choice,
working towards a sustainable energy future.
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.
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: https://www.businesswire.com/news/home/20210922005468/en/
Investors: Kevin L. Cole, CFA 609.524.4526
investor.relations@nrg.com
Media: Candice Adams 609.524.5428
candice.adams@nrg.com
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