221  0 Kommentare NRG Energy, Inc. Announces Early Results of its Cash Tender Offers

NRG Energy, Inc. (NYSE:NRG) announced today the early results of its previously announced offers to purchase for cash (collectively, the “Tender Offer”) up to $620 million aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 3.875% senior notes due 2032 (the “2032 Notes”), 3.625% senior notes due 2031 (the “2031 Notes”), and 3.375% senior notes due 2029 (the “2029 Notes” and, collectively with the 2032 Notes and the 2031 Notes, the “Notes”). The Maximum Tender Amount is subject to order of priority (the “Acceptance Priority Level”) and proration arrangements as set forth in the Offer to Purchase, dated November 6, 2023 (as amended by the press release dated November 20, 2023, the “Offer to Purchase”).

According to information provided by D.F. King & Co., Inc., the tender and information agent (the “Tender and Information Agent”), $681.4 million aggregate principal amount of the 2032 Notes were validly tendered and not validly withdrawn (the “Tendered 2032 Notes”) on or prior to 5:00 p.m., New York City time, on November 22, 2023 (the “Early Tender Date”). Because the Tendered 2032 Notes exceeded the Maximum Tender Amount, NRG expects to accept the Maximum Tender Amount of the Tendered 2032 Notes (which represents a proration factor of approximately 91%) for purchase and none of the 2031 notes or the 2029 notes will be accepted for purchase pursuant to the Tender Offer. Although the Tenders Offers are scheduled to expire at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Date”), because the Tender Offer was fully subscribed as of the Early Tender Date, NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date. Notes tendered and not accepted for purchase will be promptly returned to the tendering holders as described in the Offer to Purchase.

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Holders of 2032 Notes who have validly tendered and not validly withdrawn their 2032 Notes at or prior to the Early Tender Date and accepted for purchase on a prorated basis as described in the Offer to Purchase will receive the applicable Total Consideration (as defined in the Offer to Purchase) for such 2032 Notes, which includes the Early Tender Payment (as defined in the Offer to Purchase). In addition, with respect to the 2032 Notes accepted for purchase, NRG will pay accrued and unpaid interest on the principal amount of 2032 Notes accepted for purchase from the most recent interest payment date on the 2032 Notes to, but not including, November 27, 2023, which is expected to be the settlement date.