Investors News Release
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NRG Energy, Inc. Announces Final Results and Expiration of its Cash Tender Offers
The table below sets forth the final results of the Tender Offers,
according to information provided by the tender agent, as of
Aggregate |
Principal |
Principal |
||||||||
Principal |
Amount of |
Amount of |
Tender |
|||||||
Amount |
Notes |
Notes |
Offer Cap, |
|||||||
Outstanding |
Tendered |
Accepted |
as amended |
Total Payment |
||||||
Title of Notes |
(in millions) |
(in millions) |
(in millions) |
(in millions) |
(in millions)(1) |
|||||
Fixed-Price Tender Offers |
||||||||||
7.625% Senior Notes due 2018 | $954 | $550 | $367(2) | $400 | $410 | |||||
8.250% Senior Notes due 2020 | $1,058 | $524 | $239 | $250 | $254 | |||||
7.875% Senior Notes due 2021 | $1,128 | $620 | $240 | $250 | $250 | |||||
Dutch Auction Tender Offer |
||||||||||
6.250% Senior Notes due 2022 | $1,060 | $214 | $68 | $200 | $69 | |||||
6.625% Senior Notes due 2023 | $898 | $144 | $29 | $29 | ||||||
6.250% Senior Notes due 2024 | $838 | $224 | $105 | $104 |
__________ | ||
(1) | Includes the total consideration and accrued and unpaid interest. | |
(2) | Includes approximately $275 million aggregate principal amount of 2018 Notes tendered as of the Early Tender Deadline and accepted for purchase. | |
All Notes (other than 2018 Notes) validly tendered and not validly
withdrawn pursuant to the Tender Offers at or prior to the “Early Tender
Deadline” of
Holders of 2018 Notes who tendered such notes after the Early Tender
Deadline will not receive the early participation amount of
This press release is for informational purposes only and is not an
offer to buy, nor the solicitation of an offer to sell any of the Notes.
The Tender Offers were made solely by NRG’s Offer to Purchase, as
amended by NRG’s press release dated
About NRG
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.
Forward-Looking Statements
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.
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160607006291/en/
Source:
NRG Energy, Inc.
Media:
Karen Cleeve, 609-524-4608
Marijke
Shugrue, 609-524-5262
or
Investors:
Kevin Cole,
609-524-4526
Lindsey Puchyr, 609-524-4527