Clearway Energy will accept all $123.44 million tendered 5% notes

Chicago, Oct. 1 – Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc., announced the expiration and results of its cash tender offer for any and all of the $350 million outstanding 5% senior notes due 2026, according to a press release.

Noteholders tendered $123,443,000, or 35.27%, of their notes by the 5 p.m. ET Sept. 30 expiration time.

The amount excludes $298,000 of notes that remain subject to guaranteed delivery procedures.

All tendered notes will be accepted for payment on Oct. 1.

The notes tendered via guaranteed delivery will be settled on Oct. 5.

Clearway previously announced it is exercising its right to optionally redeem any notes not purchased in the tender offer at 102.5, plus interest to the redemption date, on Oct. 24.

J.P. Morgan Securities LLC is the dealer manager for the tender offer (866 834-4666, 212 834-4087).

D.F. King & Co., Inc is the information agent for the offer (866 796-6867, 212 269-5550, cwen@dfking.com, www.dfking.com/cwen).

Princeton, N.J.-based Clearway invests in energy infrastructure, and its portfolio includes wind, solar and natural gas-fired power generation facilities.

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