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GenOn, NRG, noteholders extend time to negotiate debt restructuring

GenOn Energy Inc., NRG Energy Inc. and bondholders are extending until May 31 a consent agreement allowing for negotiations over restructuring debt at GenOn and GenOn Americas Generation.

The parties announced a preliminary settlement agreement May 22. According to a May 26 filing, the term of consent agreement has been extended to 11:59 p.m. ET on May 31. Holders representing more than 90% of the GenOn notes and more than 90% in aggregate principal amount of the GenOn Americans Generation are now parties to the consent agreement, according to the filing.