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SEC Filing Details

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

Long-term debt includes the following discounts:
 
 
As of December 31,
 
 
2017
 
2016
 
 
(In millions)
Term loan facility, due 2023 (a)
 
$
(7
)
 
$
(9
)
Yield, Inc. Convertible notes, due 2019
 
(5
)
 
(10
)
Yield, Inc. Convertible notes, due 2020
 
(13
)
 
(17
)
Midwest Generation, due 2019
 
(5
)
 
(13
)
Total discounts
 
$
(30
)
 
$
(49
)
(a)
Term loan facility, due 2018 replaced with the Term loan facility due 2023. Discount of $1 million was related to current maturities in 2016.

Consolidated Annual Maturities
Annual payments based on the maturities of NRG's debt and capital leases for the years ending after December 31, 2017 are as follows:
 
(In millions)
2018
$
695

2019
933

2020
805

2021
606

2022
1,854

Thereafter
11,745

Total
$
16,638

Recourse Debt
Senior Notes
Issuance of 2028 Senior Notes
On December 7, 2017, NRG issued $870 million of aggregate principal amount at par of 5.75% senior unsecured notes due 2028. The 2028 Senior Notes are senior unsecured obligations of NRG and are guaranteed by certain of its subsidiaries. Interest is paid semi-annually beginning on July 15, 2018, until the maturity date of January 15, 2028. The proceeds from the issuance of the 2028 Senior Notes were utilized to redeem the Company's 6.625% Senior Notes due 2023.
Issuance of 2026 Senior Notes
On May 23, 2016, NRG issued $1.0 billion in aggregate principal amount at par of 7.25% senior notes due 2026, or the 2026 Senior Notes. The 2026 Senior Notes are senior unsecured obligations of NRG and are guaranteed by certain of its subsidiaries. Interest is paid semi-annually beginning on November 15, 2016, until the maturity date of May 15, 2026. The proceeds from the issuance of the 2026 Senior Notes were utilized to repurchase a portion of the Senior Notes during 2016.
Issuance of 2027 Senior Notes
On August 2, 2016, NRG issued $1.25 billion in aggregate principal amount at par of 6.625% senior notes due 2027, or the 2027 Senior Notes. The 2027 Senior Notes are senior unsecured obligations of NRG and are guaranteed by certain of its subsidiaries. Interest is paid semi-annually beginning on January 15, 2017, until the maturity date of January 15, 2027. The proceeds from the issuance of the 2027 Senior Notes were utilized to retire the Company's 8.250% senior notes due 2020 and reduce the balance of the Company's 7.875% senior notes due 2021.






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