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NRG Energy upsizes note offering
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NRG EnergyInc. upsized and priced a previouslyannounced offering of senior notes.
The company now plans to issue $1.25 billion worth of notes,an increase of $250 million. The notes bear an interest of 6.625% and are dueJan. 15, 2027.
They will be treated as senior unsecured obligations of thecompany and be guaranteed by certain NRG subsidiaries.
Funds from the offering will help redeem the company'soutstanding 8.25% senior notes due 2020 and a portion of outstanding 7.875%senior notes due 2021.