NRG Energy, Inc. Announces Redemption of GenOn Energy, Inc.'s Outstanding 7.625% Senior Notes Due 2014
PRINCETON, N.J.--(BUSINESS WIRE)-- NRG Energy, Inc. (NYS: NRG) , today announced that GenOn Energy, Inc. ("GenOn"), one of its wholly owned subsidiaries, has given the required notice under the governing indenture to redeem for cash all of GenOn's remaining 7.625% Senior Notes due 2014 (the "2014 Notes") on June 24, 2013 (the "Redemption Date"). The redemption price for the 2014 Notes will be 100% of the principal amount of the 2014 Notes, plus the Applicable Premium, plus accrued and unpaid interest to the Redemption Date.
This press release is for informational purposes only and is not an offer to buy, the solicitation of an offer to sell or a solicitation of consents with respect to, any of the 2014 Notes.
NRG is at the forefront of changing how people think about and use energy. We deliver cleaner and smarter energy choices for our customers, backed by the nation's largest independent power generation portfolio of fossil fuel, nuclear, solar and wind facilities. A Fortune 500 company, NRG is challenging the U.S. energy industry by becoming the largest developer of solar power, building the first privately-funded electric vehicle charging infrastructure, and providing customers with the most advanced smart energy solutions to better manage their energy use. In addition to 47,000 megawatts of generation capacity, enough to supply nearly 40 million homes, our retail electricity providers - Reliant, Green Mountain Energy and Energy Plus - serve more than two million customers. More information is available at www.nrgenergy.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
This communication contains forward-looking statements that may state NRG's or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast," "plan," "believe" and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.
The foregoing review of factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included herein should be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the SEC at www.sec.gov.
NRG Energy, Inc.
Karen Cleeve, 609-524-4608
David Knox, 713-537-2130
Chad Plotkin, 609-524-4526
Andy Davis, 609-524-4527
KEYWORDS: United States North America New Jersey
The article NRG Energy, Inc. Announces Redemption of GenOn Energy, Inc.'s Outstanding 7.625% Senior Notes Due 2014 originally appeared on Fool.com.
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