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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 8/9/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

NRG Energy plans to redeem all 7¼% notes due 2026, some 6 5/8% notes due 2027

By Marisa Wong

Los Angeles, Aug. 9 – NRG Energy, Inc. plans to redeem all of its $1 billion outstanding 7¼% senior notes due 2026 and $355 million of its $1.23 billion outstanding 6 5/8% senior notes due 2027 using proceeds from an offering of new notes due 2032.

The company will also use cash on hand and borrowings under one or more of its liquidity facilities to repurchase the existing notes.

The power generation company is based in Houston.


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