NRG Energy, Inc. Completes Full Redemption of Its 7.250% Senior Notes Due 2026 and Partial Redemption of Its 6.625% Senior Notes Due 2027

Rhea-AI Summary

NRG Energy, Inc. (NYSE:NRG) has successfully completed the redemption of all $1 billion of its 7.25% senior notes due 2026 and $355 million of its 6.625% senior notes due 2027. The redemption prices were set at 103.625% and 103.313% of the principal amounts, respectively, including accrued interest to the redemption date. This action reflects NRG's commitment to managing its debt load effectively while continuing to provide energy solutions across the U.S. and Canada.

Positive

• Completed redemption of $1 billion of 2026 senior notes, reducing long-term debt.
• Redemption of $355 million of 2027 senior notes, enhancing liquidity.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- NRG Energy, Inc. (NYSE:NRG) announced that on August 24, 2021 it completed the previously announced redemption of (i) all of the $1.0 billion outstanding aggregate principal amount of its 7.25% senior notes due 2026 (the “2026 Notes”) and (ii) $355 million of the $1.23 billion outstanding aggregate principal amount of its 6.625% senior notes due 2027 (the “2027 Notes”).

The redemption price for the redeemed 2026 Notes and 2027 Notes was an amount equal to 103.625% and 103.313% of the principal amount of the redeemed 2026 and 2027 Notes, respectively, plus accrued and unpaid interest, in each case, to the date of redemption.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210824005822/en/

Investors:

Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Media:

Candice Adams

609.524.5428

candice.adams@nrg.com

 

Source: NRG Energy, Inc.

FAQ

What did NRG Energy recently announce regarding its senior notes?

NRG Energy announced the completion of the redemption of all $1 billion of its 7.25% senior notes due 2026 and $355 million of its 6.625% senior notes due 2027.

What were the redemption prices for NRG's senior notes?

The redemption prices were 103.625% for the 2026 notes and 103.313% for the 2027 notes, along with accrued interest.

When did NRG Energy complete its redemption of senior notes?

NRG Energy completed the redemption on August 24, 2021.

How does NRG's redemption of senior notes affect its financial position?

The redemption reduces NRG's long-term debt, which can improve its financial stability and liquidity.

What is the stock symbol for NRG Energy?

The stock symbol for NRG Energy is NRG.