NRG Energy said it entered into the Fifteenth Amendment to its Credit Agreement on July 22, 2025, adding an incremental term loan B with a total principal amount of $1,000 million. The loan is fungible with the company's existing term loan B.

1. 01

   NRG Energy said it entered into the Fifteenth Amendment to its Credit Agreement on July 22, 2025, adding an incremental term loan B with a total principal amount of $1,000 million. The loan is fungible with the company's existing term loan B.

2. 02

   The company said the incremental loans will bear interest, at its election, at a fluctuating base rate plus a 0.75% margin, or at Term SOFR with a floor of 0.00% plus a 1.75% margin.

3. 03

   The company said the incremental Term Loan B Facility has a final maturity date of April 16, 2031 and amortizes at 1% per year in equal quarterly installments. The amortization payments may be adjusted to keep the loan fungible with the existing term loan B for U.S. federal tax purposes.

4. 04

   The company said the incremental loan is guaranteed by the subsidiaries that guarantee its revolving credit facility and existing term loan B, and is secured on a first lien basis by substantially all of the assets of the company and those subsidiaries. If an event of default occurs, the outstanding principal and unpaid interest may be declared immediately due and payable.

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