|NRG Lenders Agree to Reprice Its Term Loan B|
Company to save approximately
The transaction will reduce the interest rate margin on the term loan by 50 basis points to LIBOR +225 basis points. The LIBOR floor remains at 0.75%.
As a result, the Company expects interest savings over the remaining
life of the loan to total approximately
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.
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