NRG Energy Inc. (NYSE: NRG) closed a previously announced offering of $1,100 million, in aggregate principal amount, of 6.25% senior notes, the company said Jan. 27. The notes, which are senior unsecured obligations, are due 2022, the company said.
Additionally, the company detailed early results of its previously announced offer to purchase up to $400 million of its outstanding 8.50% senior notes due 2019, as well as 7.625% senior notes due the same year, NRG said.
The early tender date is Jan. 24, the company added.
Holders tendering after that date have until Feb. 7, 2014 to tender their notes, the company said.
The settlement date is scheduled for Feb. 10, the company said.
From the proceeds of the 6.25% senior notes’ closure, the company will take $400 million to fund the tender offer, and the remainder will be paid in cash, NRG said.
The 8.50% senior notes due 2019 will be purchased in integral multiples of $5,000, NRG said. The 7.625% senior notes will be purchased in integral multiples of $1,000, the company added.
NRG is dually based in Princeton, N.J. and Houston. It has assets in oil and gas nationwide, and owns and operates a major power generation portfolio.
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