NRG Energy, Inc. Prices Senior Notes Offering
08 May 2019 - 4:58AM
Business Wire
NRG Energy, Inc. (NYSE:NRG) has priced its offering of $733.0
million in aggregate principal amount of 5.250% senior notes due
2029 (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 June 15, 2029. The offering is expected
to close on May 14, 2019, 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
$733.6 million outstanding aggregate principal amount of its 6.25%
senior notes due 2024 (the “2024 Notes”) and to pay fees and
expenses related to the offering of the New Notes and incurred in
connection with the repurchase of the 2024 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
press release does not constitute an offer to sell any security,
including the New Notes, nor a solicitation for an offer to
purchase any security, including the New Notes or the 2024
Notes.
About NRG
At NRG, we’re redefining power by putting customers at the
center of everything we do. We create value by generating
electricity and serving nearly 3 million residential and commercial
customers through our portfolio of retail electricity brands. A
Fortune 500 company, NRG delivers customer-focused solutions for
managing electricity, while enhancing energy choice and 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.
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: https://www.businesswire.com/news/home/20190507006008/en/
Media:Candice Adams609.524.5428
Investors:Kevin L. Cole, CFA609.524.4526
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