NRG Energy To Buy Back ~$251M Of Existing 2.75% Convertible Senior Notes Due 2048 From Certain Holders

Author: Benzinga Newsdesk | April 03, 2024 12:36pm

NRG Energy, Inc. (NYSE:NRG) announced today that it has entered into separate, privately negotiated transactions with certain holders of its existing 2.75% convertible senior notes due 2048 (the "Convertible Notes") to repurchase approximately $251 million aggregate principal amount of the Convertible Notes. The Convertible Notes repurchases are expected to close over a period ending on or about April 18, 2024, subject to customary closing conditions. Following the closing of the repurchases, and after giving effect to approximately $92 million aggregate principal amount of Convertible Notes that the Company had previously repurchased, approximately $232 million aggregate principal amount of Convertible Notes will remain outstanding.

Posted In: NRG