NRG said it sold $925 million of 6.00% senior notes due 2033 and $950 million of 6.25% senior notes due 2034 on October 30, 2024. The notes were sold in a private placement under Rule 144A and Regulation S.

1. 01

   NRG said it sold $925 million of 6.00% senior notes due 2033 and $950 million of 6.25% senior notes due 2034 on October 30, 2024. The notes were sold in a private placement under Rule 144A and Regulation S.

2. 02

   The company said it settled and issued new 5.75% senior notes due 2029 totaling $798.2 million and cash on October 30, 2024, in exchange for existing 5.75% senior notes due 2029 issued by APX Group, Inc. On the same day, APX bought about $589 million of 6.75% senior secured notes due 2027.

3. 03

   The company said that on October 30, 2024, the Eleventh Amendment added an incremental term loan B of $450 million, with a final maturity of April 16, 2031 and quarterly amortization of 1% per year. Under the Tenth Amendment, the maturity of the revolving credit facility was extended to October 30, 2029.

4. 04

   The company said it used the net proceeds from the 2033 and 2034 senior notes and the net proceeds from the incremental term loans, together with cash on hand, to fund the purchase price of the APX 2027 Secured Notes and to repay APX's senior secured credit agreement. On October 31, 2024, it fully redeemed its 6.625% senior notes due 2027, with an outstanding balance of $375 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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