PRINCETON, N.J.--(BUSINESS WIRE)--Apr. 4, 2014--
NRG Energy, Inc. (NYSE:NRG) intends to commence an offering of $1,000
million in aggregate principal amount of senior notes due 2024 (the “New
Notes”). The notes will be senior unsecured obligations of NRG and will
be guaranteed by certain of its subsidiaries.
NRG intends to use the proceeds from the offering, together with cash on
hand, to repurchase any and all of the $298,548,000 in aggregate
principal amount of its outstanding 8.50% senior notes due 2019 (the
“8.50% Notes”) and $708,522,000 in aggregate principal amount of its
outstanding 7.625% senior notes due 2019 (the “7.625% Notes” and,
together with the 8.50% Notes, the “2019 Notes”) and to pay fees and
expenses related to the offering of the New Notes and incurred in
connection with the repurchase of the 2019 Notes.
The 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 the United
States, to persons other than “U.S. persons” in compliance with
Regulation S under the Securities Act. The notes and related guarantees
have not been registered under the Securities Act or the securities laws
of any other jurisdiction and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements. This notice is issued pursuant to Rule 135c
of the Securities Act, and does not constitute an offer to sell the
notes, nor a solicitation for an offer to purchase the notes.
NRG Energy, Inc., a Fortune 500 company headquartered in Princeton, New
Jersey, and Houston, Texas, owns and operates one of the country’s
largest and most diverse power generation portfolios and serves almost
three million retail electricity customers.
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 notes or consummate the
offering, the anticipated terms of the notes and the anticipated use of
Source: NRG Energy, Inc.
NRG Energy, Inc.
Karen Cleeve, 609-524-4608
Daniel Keyes, 609-524-4527