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NRG Energy, Inc. Announces Pricing of $800 Million of 7.625% Senior Notes due 2019 and $1.2 Billion of 7.875% Senior Notes due

^{Published on 2011-05-10 14:40:27 - Market Wire}
 

PRINCETON, N.J.--([ BUSINESS WIRE ])--NRG Energy, Inc. (NYSE: NRG) has priced an offering of $800 million in aggregate principal amount of its 7.625% senior notes due 2019 and $1.2 billion in aggregate principal amount of its 7.875% senior notes due 2021. The notes will be senior unsecured obligations of NRG and will be guaranteed by certain of its domestic subsidiaries.

The 2019 notes mature on May 15, 2019. The 2021 notes mature on May 15, 2021. The offering is expected to close on May 24, 2011, subject to customary conditions.

NRG expects to use the net proceeds from the offering, together with cash on hand, to repurchase any and all of the outstanding $2.4billion in aggregate principal amount of its 7.375% senior notes due 2016, to pay fees and expenses incurred in connection with the repurchase of such notes and for general corporate purposes.

The notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended or, outside the United States, to persons other than aU.S. personsa in compliance with Regulation S under the Securities Act. The notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This notice is issued pursuant to Rule 135c of the Securities Act, and does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes.

About NRG

NRG Energy, Inc. is a Fortune 500 and S&P 500 Index company that owns and operates one of the countrya™s largest non-utility power generation and retail electricity businesses. Headquartered in Princeton, NJ, the Companya™s power plants provide 25,000 megawatts of generation capacitya"enough to supply approximately 20 million homes. NRGa™s retail businesses, Reliant Energy and Green Mountain Energy Company, combined serve approximately 1.9 million residential, business, commercial and industrial customers in Texas and, increasingly in select markets in the Northeast United States. With investments in solar and wind as well as electric vehicle infrastructure, NRG is working to help America transition to a clean energy economy. More information is available at [ www.nrgenergy.com ].

Forward-Looking Statements

This communication contains forward-looking statements that may state NRGa™s or its managementa™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 awill,a aexpect,a aestimate,a aanticipate,a aforecast,a aplan,a abelievea 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. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally and whether NRG will offer the notes or consummate the offering, the anticipated terms of the notes, and the anticipated use of proceeds.

The foregoing review of factors that could cause NRGa™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 NRGa™s future results included in NRGa™s filings with the SEC at [ www.sec.gov ].