Reliant Energy $4 billion debt financing to combine senior notes, fixed-rate tax-exempt notes and bank debt

By Paul A. Harris

St. Louis, Nov. 29 - Reliant Energy Inc. announced Friday that it intends to make new debt offerings totaling $4 billion.

The offerings will include the sale of new senior secured notes and fixed-rate tax-exempt bonds, although no amounts were specified.

The roadshow is expected to begin during the week of Dec. 6, according to a market source.

Goldman Sachs & Co., Banc of American Securities, Merrill Lynch & Co. and Barclays Capital will be the underwriters for the off-the-shelf bond sale.

The Houston-based energy company will also obtain $1.7 billion of bank financing.

Proceeds will be used to refinance bank and bond debt.

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