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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
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/20170120005273/en/
Source:
NRG Energy Inc.
Media:
Marijke Shugrue, 609-524-5262
Candice
Adams, 609-524-5428
or
Investors:
Kevin L. Cole, CFA,
609-524-4526
Lindsey Puchyr, 609-524-4527