NRG Energy Prices Private Placement of 5.75% Notes Due 2028 for USD870 Million

Published: Nov 30 2017
Deal Summary

NRG Energy, Inc., an integrated power company, has priced the private placement of 5.75% senior notes due January 15, 2028, for gross proceeds of USD870 million. The placement will be subscribed to by qualified institutional buyers.

The new notes will be senior unsecured obligations of the company and will be guaranteed by certain of its subsidiaries.

Earlier, the company agreed to issue senior notes due 2028, for gross proceeds of USD870 million.

The company intends to use proceeds to repurchase any and all of the approximately USD869.2 million outstanding aggregate principal amount of its 6.625% senior notes due 2023 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 offering is subject to customary closing conditions.

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