PRINCETON, N.J.–(BUSINESS WIRE)–NRG Energy, Inc. (NYSE:NRG) today announced that it gave the required notice under the respective governing indentures to redeem for cash (the “Redemption”) all of its outstanding 6.625% Senior Notes due 2023 (the “2023 Notes”) on December 29, 2017 (the “Redemption Date”). The redemption price for the 2023 Notes will be an amount equal to 103.313% of the principal amount of the 2023 Notes to be redeemed, plus accrued and unpaid interest on such 2023 Notes to the Redemption Date.
NRG’s previously announced tender offer to purchase any and all of the outstanding 2023 Notes expires at 11:59 P.M., New York City time, on December 28, 2017 (the “Expiration Date”). The Redemption will apply to any and all of the 2023 Notes that are not validly tendered pursuant to the tender offer before the Expiration Date.
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 2023 Notes. The tender offer is being made solely pursuant to NRG’s Offer to Purchase and Consent Solicitation Statement, dated November 30, 2017. The full details of the tender offer, including complete instructions on how to tender 2023 Notes, are included in the Offer to Purchase and Consent Solicitation Statement. Holders of the 2023 Notes are strongly encouraged to carefully read the Offer to Purchase and Consent Solicitation Statement because they contain important information.
NRG is the leading integrated power company in the U.S., built on the strength of our diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 500 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 implement sustainable solutions for producing and managing energy, developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost three 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.
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 SEC at www.sec.gov.
NRG Energy, Inc.
Sheri Woodruff, 609-524-4608
Marijke Shugrue, 609-524-5262
Kevin L. Cole, CFA, 609-524-4526
Lindsey Puchyr, 609-524-4527