HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) announces that it gave the required notice under the indenture governing the notes to optionally redeem $500 million in aggregate principal amount of its outstanding 6.625% Senior Notes due 2027 (the “Notes”) on October 6, 2021 (the “Redemption Date”). NRG intends to finance the redemption and associated costs with proceeds from its liquidity facilities. The optional redemption is conditioned upon NRG having sufficient availability under its liquidity facilities to complete such redemption on the Redemption Date. The redemption price will be 103.313% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on such Notes to the Redemption Date.
A notice of conditional redemption is being sent to all currently registered holders of the Notes by the Trustee, Delaware Trust Company. This press release does not constitute an offer to sell any security, including the Notes, nor a solicitation for an offer to purchase any security, including the Notes.
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.
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.
The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included herein should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.