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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

Note 12 — Debt and Capital Leases
Long-term debt and capital leases consisted of the following:
(In millions, except rates)
December 31,
 
December 31, 2017
 
2017
 
2016
 
Interest Rate % (a)
Recourse debt:
 
 
 
 
 
Senior notes, due 2018
$

 
$
398

 
7.625
Senior notes, due 2021

 
207

 
7.875
Senior notes, due 2022
992

 
992

 
6.250
Senior notes, due 2023

 
869

 
6.625
Senior notes, due 2024
733

 
733

 
6.250
Senior notes, due 2026
1,000

 
1,000

 
7.250
Senior notes, due 2027
1,250

 
1,250

 
6.625
Senior notes, due 2028
870

 

 
5.750
Term loan facility, due 2023
1,872

 
1,891

 
L+2.25
Tax-exempt bonds
465

 
455

 
4.125 - 6.00
Subtotal recourse debt
7,182

 
7,795

 
 
Non-recourse debt:
 
 
 
 
 
NRG Yield Operating LLC Senior Notes, due 2024
500

 
500

 
5.375
NRG Yield Operating LLC Senior Notes, due 2026
350

 
350

 
5.000
NRG Yield, Inc. Convertible Senior Notes, due 2019
345

 
345

 
3.500
NRG Yield, Inc. Convertible Senior Notes, due 2020
288

 
288

 
3.250
NRG Yield LLC and NRG Yield Operating LLC Revolving Credit Facility, due 2019 (b)
55

 

 
L+2.500
El Segundo Energy Center, due 2023
400

 
443

 
L+1.75 - L+2.375
Marsh Landing, due 2023
318

 
370

 
 L+1.875
Alta Wind I - V lease financing arrangements, due 2034 and 2035
926

 
965

 
5.696 - 7.015
Walnut Creek, term loans due 2023
267

 
310

 
L+1.625
Utah Portfolio, due 2022
278

 
287

 
L+2.625
Tapestry, due 2021
162

 
172

 
L+1.625
CVSR, due 2037
746

 
771

 
2.339 - 3.775
CVSR HoldCo, due 2037
194

 
199

 
4.680
Alpine, due 2022
135

 
145

 
L+1.750
Energy Center Minneapolis, due 2025
83

 
96

 
3.55 - 5.95
Energy Center Minneapolis, due 2031
125

 
125

 
3.55
Viento, due 2023
163

 
178

 
L+3.00
NRG Yield - other
579

 
603

 
various
Subtotal NRG Yield debt (non-recourse to NRG) (c)
5,914

 
6,147

 
 
Ivanpah, due 2033 and 2038
1,073

 
1,113

 
2.285 - 4.256
Carlsbad Energy Project (c)
427

 

 
L+1.625 -.04120
Agua Caliente, due 2037
818

 
849

 
2.395 - 3.633
Agua Caliente Borrower 1, due 2038
89

 

 
5.430
Cedro Hill, due 2029 (c)
151

 
163

 
L+1.75
Midwest Generation, due 2019
152

 
231

 
4.390
NRG Other Renewables (c)
647

 
269

 
 
NRG Other
180

 
137

 
various
Subtotal other non-recourse debt
3,537

 
2,762

 
 
Subtotal all non-recourse debt
9,451

 
8,909

 
 
Subtotal long-term debt (including current maturities)
16,633

 
16,704

 
 
Capital leases
5

 
6

 
various
Subtotal long-term debt and capital leases (including current maturities)
16,638

 
16,710

 
 
Less current maturities
(688
)
 
(516
)
 
 
Less debt issuance costs
(204
)
 
(188
)
 
 
Discounts
(30
)
 
(49
)
 
 
Total long-term debt and capital leases
$
15,716

 
$
15,957

 
 
(a)
As of December 31, 2017, L+ equals 3 month LIBOR plus x%, except for the Utah Solar Portfolio where L+ equals 1 month LIBOR plus 2.629%.
(b)
Applicable rate is determined by the Borrower Leverage Ratio, as defined in the credit agreement
(c)
Debt associated with the asset sales announced in February 2018


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