NRG Energy, Inc. Announces Pricing of $1.2 Billion of 7.625% Senior Notes due 2018

published: 2011-01-18 14:21 | editor: | category: News

NRG Energy, Inc. has priced an offering of $1.2 billion in aggregate principal amount of its 7.625% senior notes due 2018. The notes will be senior unsecured obligations of NRG and will be guaranteed by certain of its domestic subsidiaries. The notes mature on January 15, 2018. The offering is expected to close on January 26, 2011, subject to customary conditions.

NRG expects to use the net proceeds from the offering to repurchase any and all of the outstanding $1.2 billion in aggregate principal amount of its 7.250% senior notes due 2014, to pay fees and expenses incurred in connection with the repurchase of such notes and for general corporate purposes.

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 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.

announcements add announcements     mail print