NRG Energy, Inc. Announces Withdrawal of Proposed Offering of Senior Notes and Termination of Tender Offer for Any and All of Its Outstanding 6.625% Senior Notes Due 2023
PRINCETON, N.J.--(BUSINESS WIRE)--Nov. 9, 2017--
NRG Energy, Inc. (NYSE:NRG) announced today that it has decided not to
proceed with the previously announced offering of $870 million in
aggregate principal amount of senior notes (the “New Notes”) in response
to broader market conditions.
As a result of its decision not to proceed with its senior notes
offering, NRG also announced today that it has terminated its previously
announced cash tender offer for any and all of the approximately $869.2
million outstanding aggregate principal amount of its 6.625% senior
notes due 2023 (the “Existing Notes”) and the concurrent solicitation of
consents. The tender offer and consent solicitation were conditioned
upon the completion of a senior notes offering of at least $870 million
in gross proceeds. Any of the Existing Notes that have been tendered
will not be accepted for purchase and no consideration will be paid or
become payable to holders thereof.
Any questions relating to the termination of the tender offer and
consent solicitation may be directed to D.F. King & Co., Inc. at (800)
269-6427 (Toll-Free) or (212) 269-5550.
This press release is for informational purposes only and does not
constitute an offer to sell or purchase, or a solicitation of an offer
to sell or purchase, any New Notes, Existing Notes or other securities.
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
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/20171109006756/en/
Source: NRG Energy, Inc.
NRG Energy, Inc.
Marijke Shugrue, 609-524-5262
L. Cole, CFA, 609-524-4526
Lindsey Puchyr, 609-524-4527