Investors

Fixed Income

Fixed Income

Sustainability-Linked Finance

For NRG, the issuance of Sustainability-Linked Bonds reinforces its commitment to a low-emissions future. Such bonds represent the next step in aligning NRG’s business and financing with its commitments and values by creating a direct link between its climate and funding strategies.

Sustainability-Linked Bond Framework – November 2020

Second Party Opinion on NRG's Sustainability-Linked Financing Framework

In 2019, NRG became the second U.S.-based power company to engage in an ESG-linked loan. This Sustainability Linked Loan (SLL) or ESG loan embeds a pricing mechanism linked to specific sustainability metrics. Although our $2.6 billion SLL was only the third such transaction for a U.S. power company, demand is growing for this type of financing, which emphasizes a potential increased access to capital by demonstrating strategic long-term planning of corporate responsibility. More information about our SLL can be found here.

Maturity Profile

($ Millions)

  2020 2021 2022 2023 2024 Thereafter Total¹
Recourse $- $- $- $59 $600 $8,197 $8,855
Other Non-Recourse 2 1 - - - - 3
Total NRG Recourse & Non-Recourse Debt $2 $1 $- $59 $600 $8,197 $8,858

Maturity Profile: Corporate Debt

($ Millions)

  Interest Rate 2020 2021 2022 2023 2024 Thereafter Total
Senior Notes, due 2026 7.25% $- $- $- $- $- $1,000 $1,000
Senior Notes, due 2027 6.63% - - - - - 1,230 1,230
Senior Notes, due 2028 5.75% - - - - - 821 821
Senior Notes, due 2029 5.25% - - - - - 733 733
Senior Notes, due 2029 3.375% - - - - - 500 500
Senior Notes, due 2031 3.625% - - - - - 1,030 1,030
Convertible Senior Notes, due 2048 2.75% - - - - - 575 575
Senior Secured, First Lien Notes, due 2024 3.75% - - - - 600 - 600
Senior Secured, First Lien Notes, due 2025 2.00% - - - - - 500 500
Senior Secured, First Lien Notes, due 2027 2.45% - - - - - 900 900
Senior Secured, First Lien Notes, due 2029 4.45% - - - - - 500 500
Tax-exempt bonds 1.25 - 6.00% - - - 59 - 408 466
Total NRG Recourse Debt   $- $- $- $59 $600 $8,197 $8,855

Maturity Profile: Non-Recourse

($ Millions)

  Interest Rate 2020 2021 2022 2023 2024 Thereafter Total
Other Various $2 $1 $- $- $- $- $3
Total NRG Non-Recourse Debt   $2 $1 $- $- $- $- $3

¹Excludes all outstanding draws on the corporate revolving credit facility