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NRG Energy prices $870M senior notes offering

NRG Energy Inc. has priced its offering of $870 million of 5.75% senior notes due 2028. The offering is expected to close on Dec. 7, subject to customary closing conditions, according to a Nov. 30 company release.

Maturing on Jan. 15, 2028, the new notes will be senior unsecured obligations of NRG and will be guaranteed by some of its subsidiaries.

The company plans to combine the net proceeds from the offering with cash on hand to repurchase any and all of the approximately $869.2 million outstanding 6.625% senior notes due 2023 and to pay fees and expenses related to the offering of the new notes.