Investors News Release
View printer-friendly version |
<< Back |
NRG Energy, Inc. Announces Early Tender Results for its Cash Tender Offer to Purchase Any and All of its Outstanding 7.375% Senior Notes Due 2017
Title of Notes | CUSIP Number |
Principal Amount |
Amount of Notes |
Approximate |
|||||||||
7.375% Senior Notes due 2017 | 629377AX0 | $1,090,000,000 | $819,651,000 | 75.20% |
Based on such tenders and separate consents delivered, the proposed amendments have been approved. The 2017 Notes that remain outstanding after the consummation of the tender offer and consent solicitation will not have the benefit of certain provisions presently in the indenture governing the 2017 Notes, possibly increasing the investment risks associated with the notes and making them less attractive as an investment.
Holders tendering after the early tender and consent date still have
until
The proposed amendments will become effective only if we accept for purchase and pay for all 2017 Notes that are validly tendered for purchase in the tender offer at or prior to the expiration time, and pay the consent fee to all holders eligible to receive it in connection with the consent solicitation. NRG intends to redeem any 2017 Notes that remain outstanding after the consummation of the tender offer as promptly as practicable after the expiration date in accordance with the terms of the indenture, as such indenture is amended pursuant to the proposed amendments.
The withdrawal and revocation deadline was
Requests for documents relating to the tender offer and consent
solicitation may be directed to
The complete terms and conditions of the tender offer and the consent
solicitation are described in the Offer to Purchase and Consent
Solicitation Statement, dated
None of the Company, its board of directors, the Dealer Manager, the Depositary and Information Agent, or the trustee with respect to the 2017 Notes is making any recommendation as to whether holders of the 2017 Notes should tender any 2017 Notes in response to any of the tender offer or grant consents in the consent solicitation. Holders must make their own decision as to whether to tender any of their 2017 Notes or grant consents to the proposed amendments and, if so, the principal amount of 2017 Notes to tender or with respect to which to grant consents.
This press release is for informational purposes only and is not an
offer to buy, the solicitation of an offer to sell or a solicitation of
consents with respect to, any of the 2017 Notes. The tender offer and
the consent solicitation are being made solely by the Company's Offer to
Purchase and Consent Solicitation Statement, dated
About NRG
NRG is at the forefront of changing how people think about and use
energy. A Fortune 500 company, NRG is a pioneer in developing cleaner
and smarter energy choices for our customers: whether as one of the
largest solar power developers in the country, or by building the first
privately funded electric vehicle charging infrastructure or by giving
customers the latest smart energy solutions to better manage their
energy use. Our diverse power generating facilities can support more
than 20 million homes and our retail electricity providers – Reliant,
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 notes or consummate the offering, the anticipated terms of the 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
Source:
NRG Energy, Inc.
Media:
Lori Neuman, 609-524-4525
Dave
Knox (TX), 713-537-2130
or
Investors:
Chad Plotkin,
609-524-4526
Stefan Kimball, 609-524-4527