SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

Note 12 — Debt and Capital Leases
Long-term debt and capital leases consisted of the following:
 
As of December 31,
 
December 31, 2015
 
2015
 
2014
 
Interest Rate % (a)
 
(In millions except rates)
NRG Recourse Debt:
 
 
 
 
 
Senior notes, due 2018
$
1,039

 
$
1,130

 
7.625
Senior notes, due 2020
1,058

 
1,063

 
8.250
Senior notes, due 2021
1,128

 
1,128

 
7.875
Senior notes, due 2022
1,100

 
1,100

 
6.250
Senior notes, due 2023
936

 
990

 
6.625
Senior notes, due 2024
904

 
1,000

 
6.250
Term loan facility, due 2018 
1,964

 
1,983

 
L+2.00
Tax Exempt Bonds
455

 
406

 
4.125 - 6.00
    Subtotal NRG Recourse Debt
8,584

 
8,800

 
 
NRG Non-Recourse Debt:
 
 
 
 
 
GenOn senior notes
1,956

 
2,133

 
7.875 - 9.875
GenOn Americas Generation senior notes
752

 
929

 
8.500 - 9.125
GenOn Other
56

 
60

 
 
Subtotal GenOn debt (non-recourse to NRG)
2,764

 
3,122

 
 
Yield Operating LLC Senior Notes, due 2024
500

 
500

 
5.375
Yield LLC and Yield Operating LLC Revolving Credit Facility, due 2019
306

 

 
L+2.75
Yield Inc. Convertible Senior Notes, due 2019
330

 
326

 
3.500
Yield Inc. Convertible Senior Notes, due 2020
266

 

 
3.250
El Segundo Energy Center, due 2023
485

 
506

 
L+1.625 - L+2.25
Marsh Landing, due 2017 and 2023
418

 
464

 
L+1.75 - L+1.875
Alta Wind I-V lease financing arrangements, due 2034 and 2035
1,002

 
1,036

 
5.696 - 7.015
Alta Wind X, due 2021

 
300

 
L+2.00
Alta Wind XI, due 2021

 
191

 
L+2.00
Walnut Creek, term loans due 2023
351

 
391

 
L+1.625
Tapestry, due 2021
181

 
192

 
L+1.625
Laredo Ridge, due 2028
104

 
108

 
L+1.875
Alpine, due 2022
154

 
163

 
L+1.750
Energy Center Minneapolis, due 2017, and 2025
108

 
121

 
5.95 - 7.25
Viento, due 2023
189

 
196

 
L+2.75
 Yield Other
469

 
489

 
various
Subtotal Yield debt (non-recourse to NRG)
4,863

 
4,983

 
 
Ivanpah, due 2033 and 2038
1,149

 
1,183

 
2.285 - 4.256
Agua Caliente, due 2037
879

 
898

 
2.395 - 3.633
CVSR, due 2037
793

 
815

 
2.339 - 3.775
Dandan, due 2033
98

 
54

 
L+2.25
Peaker bonds, due 2019 
72

 
100

 
L+1.07
Cedro Hill, due 2025
103

 
111

 
L+3.125
NRG Other
315

 
300

 
various
Subtotal other NRG non-recourse debt
3,409

 
3,461

 
 
Subtotal all non-recourse debt
11,036

 
11,566

 
 
Subtotal long-term debt (including current maturities)
19,620

 
20,366

 
 
Capital leases:
 
 
 
 
 
Home Solar capital leases
13

 

 
various
Chalk Point capital lease, due 2015

 
5

 
8.190
Other
3

 
3

 
various
Subtotal long-term debt and capital leases (including current maturities)
19,636

 
20,374

 
 
Less current maturities 
481

 
474

 
 
Less debt issuance costs(b)
$
172

 
$
199

 
 
Total long-term debt and capital leases
$
18,983

 
$
19,701

 
 
(a)
As of December 31, 2015, L+ equals 3 month LIBOR plus x%, with the exception of the Viento term loan, which is 6 month LIBOR plus x% and the Marsh Landing term loan, Walnut Creek loan, and Yield Operating LLC Revolving Credit facility, which are 1 month LIBOR plus x%

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