Investors News Release
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NRG Energy, Inc. Announces Cash Tender Offer for Any and All of Its Outstanding 8.50% Senior Notes Due 2019 and 7.625% Senior Notes Due 2019
In connection with the tender offer, NRG is soliciting the consents of holders of the 2019 Notes to certain proposed amendments to the indentures governing the 2019 Notes (the “indentures”). The primary purpose of the consent solicitation and proposed amendments is to eliminate substantially all of the restrictive covenants and certain events of default and related provisions. NRG intends to redeem any 2019 Notes that remain outstanding after the expiration of the tender offer as promptly as practicable after the expiration date in accordance with the terms of the applicable indenture, as such indentures are amended pursuant to the proposed amendments.
Under the terms of the tender offer, holders of the 8.50% Notes that
validly tender and do not validly withdraw their 8.50% Notes and
consents prior to
Under the terms of the tender offer, holders of the 7.625% Notes that
validly tender and do not validly withdraw their 7.625% Notes and
consents prior to the consent date will receive the “total
This press release does not constitute a notice of redemption under the optional redemption provisions of the indentures governing the 2019 Notes, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any security, including the New Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The tender offer is contingent upon the satisfaction of certain
conditions, including the condition that NRG shall have raised at least
Requests for documents relating to the tender offer and consent
solicitation may be directed to
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 of proceeds.
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
NRG Energy, Inc.
Karen Cleeve, 609-524-4608
Chad Plotkin, 609-524-4526
Daniel Keyes, 609-524-4527