NRG Energy, Inc. Announces Redemption of Its Outstanding 8.25% Senior Notes Due 2020 and Partial Redemption of Its Outstanding 7.875% Senior Notes Due 2021
PRINCETON, N.J.--(BUSINESS WIRE)--Aug. 2, 2016--
NRG Energy, Inc. (NYSE:NRG) today announced that it gave the required
notice under the respective governing indentures to redeem for cash all
of its outstanding 8.25% Senior Notes due 2020 (the “2020 Notes”) and
$489.9 million aggregate principal amount of 7.875% Senior Notes due
2021 (the “2021 Notes”) on September 1, 2016 (the “Redemption Date”).
The redemption price for the 2020 Notes will be 102.750% of the
principal amount of the 2020 Notes, plus accrued and unpaid interest to
the Redemption Date. The redemption price for the 2021 Notes will be
103.938% of the principal amount of the 2021 Notes, plus accrued and
unpaid interest to the Redemption Date.
This press release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell any of the 2020
Notes or the 2021 Notes.
NRG is the leading integrated power company in the U.S., built on the
strength of the nation’s largest and most diverse competitive electric
generation portfolio and leading retail electricity platform. A Fortune
200 company, NRG creates value through best in class operations,
reliable and efficient electric generation, and a retail platform
serving residential and commercial businesses. Working with electricity
customers, large and small, we continually innovate, embrace and
implement sustainable solutions for producing and managing energy. We
aim to be pioneers in developing smarter energy choices and delivering
exceptional service as our retail electricity providers serve almost 3
million residential and commercial customers throughout the country.
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
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 SEC at www.sec.gov.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160802006882/en/
Source: NRG Energy, Inc.
Karen Cleeve, 609-524-4608
Kevin L. Cole, CFA,
Lindsey Puchyr, 609-524-4527