NRG Energy, Inc. Announces Proposed Offering of Senior Notes
PRINCETON, N.J.--(BUSINESS WIRE)--Nov. 9, 2017--
NRG Energy, Inc. (NYSE:NRG) intends to commence an offering of $870
million in aggregate principal amount of senior notes due 2028 (the “New
Notes”). The New Notes will be senior unsecured obligations of NRG and
will be guaranteed by certain of its subsidiaries.
NRG intends to use the proceeds from the offering, together with cash on
hand, to repurchase any and all of the approximately $869.2 million
outstanding aggregate principal amount of its 6.625% senior notes due
2023 (the “2023 Notes”) and to pay fees and expenses related to the
offering of the New Notes and incurred in connection with the repurchase
of the 2023 Notes.
The New Notes and related guarantees are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”), or, outside the United
States, to persons other than “U.S. persons” in compliance with
Regulation S under the Securities Act. The notes and related guarantees
have not been registered under the Securities Act or the securities laws
of any other jurisdiction and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements. This notice is issued pursuant to Rule 135c
of the Securities Act, and does not constitute an offer to sell the
notes, nor a solicitation for an offer to purchase the notes.
NRG is the leading integrated power company in the U.S., built on the
strength of our diverse competitive electric generation portfolio and
leading retail electricity platform. A Fortune 500 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
implement sustainable solutions for producing and managing energy,
developing smarter energy choices and delivering exceptional service as
our retail electricity providers serve almost three 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
generally and whether NRG will offer the New Notes or consummate the
offering, the anticipated terms of the New Notes and the anticipated use
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.
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Source: NRG Energy, Inc.
NRG Energy, Inc.