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NRG Energy completes repurchase of 2.822% convertible preferred stock
Purchase price of $225.9 million was made using cash on hand
By Tali Rackner
Norfolk, Va., June 13 – NRG Energy, Inc. completed the repurchase of all $344.5 million of its 2.822% convertible perpetual preferred stock from Credit Suisse First Boston, according to a press release.
The purchase price was $225.9 million and was made using cash on hand.
The preferreds were originally issued in August 2005 at a 3.625% preferred coupon.
NRG Energy is a wholesale power generation company with headquarters in Princeton, N.J., and Houston.
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