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SEC Filing Details

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

2017 Senior Note Redemptions
During the year ended December 31, 2017, the Company redeemed $1.5 billion in aggregate principal of its Senior Notes for $1.5 billion, which included accrued interest of $29 million. In connection with the redemptions, a $49 million loss on debt extinguishment was recorded, which included the write-off of previously deferred financing costs of $7 million.
 
Principal Repurchased
 
Cash Paid (a)                         
 
Average Early Redemption Percentage
Amount in millions, except rates
 
 
 
 
 
7.625% senior notes due 2018 
$
398

 
$
411

 
101.42
%
7.875% senior notes due 2021
206

 
218

 
102.63
%
6.625% senior notes due 2023
869

 
915

 
103.57
%
Total
$
1,473

 
$
1,544

 
 
(a) Includes payment for accrued interest.

2016 Senior Notes Repurchases
During the year ended December 31, 2016, the Company repurchased $3.0 billion in aggregate principal of its Senior Notes for $3.1 billion, which included accrued interest of $77 million. In connection with the repurchases, a $117 million loss on debt extinguishment was recorded, which included the write-off of previously deferred financing costs of $16 million.
 
Principal Repurchased
 
Cash Paid (a)                         
 
Average Early Redemption Percentage
Amount in millions, except rates
 
 
 
 
 
7.625% senior notes due 2018 (b)
$
641

 
$
706

 
107.89
%
8.250% senior notes due 2020
1,058

 
1,129

 
103.12
%
7.875% senior notes due 2021 (c)
922

 
978

 
104.00
%
6.250% senior notes due 2022
108

 
105

 
94.73
%
6.625% senior notes due 2023
67

 
64

 
94.13
%
6.250% senior notes due 2024
171

 
163

 
94.52
%
Total
$
2,967

 
$
3,145

 
 
(a) Includes payment for accrued interest.
(b) $186 million of the redemptions financed by cash on hand.
(c) $193 million of the redemptions financed by cash on hand.

Senior Notes Outstanding
As of December 31, 2017, NRG had the following outstanding issuances of senior notes, or Senior Notes:
i.6.250% senior notes, issued January 27, 2014 and due July 15, 2022, or the 2022 Senior Notes;
ii.6.250% senior notes, issued April 21, 2014 and due November 1, 2024, or the 2024 Senior Notes;
iii.7.250% senior notes, issued May 23, 2016 and due May 15, 2026, or the 2026 Senior Notes;
iv.6.625% senior notes, issued August 2, 2016 and due January 15, 2027, or the 2027 Senior Notes; and
v.5.750% senior notes, issued December 7, 2017 and due January 15, 2028, or the 2028 Senior Notes.

172