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http://www.rrienergy.com
July 22, 2009 08:45 AM Eastern Time 

RRI Energy Announces Results of Tender Offer at Par for Notes and Bonds

HOUSTON--(BUSINESS WIRE)--RRI Energy, Inc. (NYSE:RRI) today announced the results of its "Asset Sale Offer" to purchase at par up to $35,000,000 aggregate principal amount of the outstanding securities listed below.

                           

Principal Amount

Tendered and

CUSIP

Accepted for

Title of Security

Number

Purchase

RRI Energy, Inc. 6.75% Senior Secured Notes due 2014 74971XAA5*

$ 21,682,000

Pennsylvania Economic Development Financing Authority Exempt

Facilities Revenue Bonds (Reliant Energy Seward, LLC Project):

Series 2001A 708686BJ8

$  4,835,000

Series 2002A 708686BM1

$  2,290,000

Series 2002B 708686BN9

$  1,755,000

Series 2003A 708686BK5

$  3,605,000

Series 2004A 708686BL3

$  1,240,000

Bond sub-total

$ 13,725,000

* Formerly CUSIP Number 75952BAM7

Commencing on June 19, 2009, the offer to purchase was made under the terms of the indenture governing the notes and the separate guarantee agreements governing RRI's guarantee of each series of bonds. The holders' option to tender notes and bonds for purchase expired at 5 p.m. Eastern time on July 20, 2009. Amounts to be purchased were rounded up in accordance with the offer documents. RRI expects final settlement of the tender offer to occur on July 22, 2009.

The funds available for this offer to purchase represented a portion of post-closing payments from the May 1, 2009 sale by RRI of its membership interests in RERH Holdings, LLC, the entity that conducted RRI's Texas retail electric business, and other related assets to NRG Retail LLC. RRI does not expect future post-closing payments to trigger the requirements for additional asset sale offers.

About RRI Energy, Inc.

RRI Energy, Inc. (NYSE:RRI), based in Houston, provides electricity to wholesale customers in the United States. The company is one of the largest independent power producers in the nation with more than 14,000 megawatts of power generation capacity across the United States. These strategically located generating assets use natural gas, fuel oil and coal. For more information, visit http://www.rrienergy.com. RRI routinely posts all important information on its Web site.

This news release contains "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements that contain projections, estimates or assumptions about the outcome of pending legal actions, our revenues, margins, capital structure and other financial items, and our plans and objectives for future operations or about our future economic performance, transactions, dispositions, financings or offerings. In many cases you can identify forward-looking statements by terminology such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking.

Actual results may differ materially from those expressed or implied by forward-looking statements as a result of many factors or events, including, but not limited to, legislative, regulatory and/or market developments, the outcome of pending lawsuits, governmental proceedings and investigations, the effects of competition, financial market conditions, access to capital, the timing and extent of changes in commodity prices and interest rates, weather conditions and other factors we discuss or refer to in the “Risk Factors” section of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

RRI Energy, Inc.
Media Relations:
Laurie Fickman, 713-497-7720
or
Investor Relations:
Dennis Barber, 713-497-3042
www.rrienergy.com

http://www.rrienergy.com

Company Information Center

RRI Energy, Inc. RSS feed for RRI Energy, Inc.

NYSE:RRI

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