Investors News Release
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NRG Energy, Inc. Upsizes and Prices Senior Notes Offering
The New Notes mature on
NRG intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 8.25% senior notes due 2020 (the “2020 Notes”) and a portion of its outstanding 7.875% senior notes due 2021 (the “2021 Notes”) in accordance with their terms and to pay fees and expenses related to the offering of the New Notes and incurred in connection with the redemption of the 2020 Notes and the 2021 Notes.
The New Notes and related guarantees are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”) or, outside
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.
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
Marijke Shugrue, 609-524-5262
Kevin L. Cole, 609-524-4526
Lindsey Puchyr, 609-524-4527