PRINCETON, N.J.--(BUSINESS WIRE)--Jul. 16, 2013--
NRG Energy, Inc. (NYSE: NRG) and NRG Yield, Inc. (“NRG Yield”), today
announced that NRG Yield, a wholly owned subsidiary of NRG Energy, Inc.,
has priced an initial public offering of 19,575,000 shares of its Class
A common stock at a price of $22 per share. The shares will be listed on
the New York Stock Exchange and will trade under the symbol “NYLD”
beginning July 17, 2013. The underwriters have a 30-day option to
purchase up to an additional 2,936,250 shares of the Class A common
stock from NRG Yield.
NRG Yield intends to use a portion of the net proceeds of this offering
to purchase a portion of the equity interests in NRG Yield LLC, which
holds the NRG Yield assets, from NRG Energy, Inc.NRG Yield LLC intends
to use a portion of such proceeds for general corporate purposes.
BofA Merrill Lynch, Goldman, Sachs & Co. and Citigroup are acting as
joint book runners. Barclays, KeyBanc Capital Markets, Mitsubishi UFJ
Securities, RBC Capital Markets, Credit Suisse and Deutsche Bank
Securities are acting as co-managers.
The offering of Class A common stock will be made only by means of a
prospectus. Copies of the prospectus related to the offering may be
obtained from BofA Merrill Lynch at 222 Broadway, New York, NY 10038,
Attn: Prospectus Department or by emailing dg.prospectus_requests@baml.com;
Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York,
NY 10282 or by emailing prospectus-ny@ny.email.gs.com;
or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, email batprospectusdept@citi.com,
telephone 1-800-831-9146.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on July 16, 2013.
The registration statement can be accessed through the Commission’s
website at www.sec.gov.
These securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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.
Source: NRG Energy, Inc.
NRG
Media:
Karen Cleeve, 609-524-4608
David Knox,
713-537-2130
or
Investors:
Chad Plotkin, 609-524-4526