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Clearway Energy announces tender results for 3.50%, 3.25% convertible notes

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Clearway Energy announces tender results for 3.50%, 3.25% convertible notes

Clearway Energy Inc. on Oct. 10 announced that $108.6 million of its 3.50% convertible senior notes due 2019, and $242.5 million of its 3.25% convertible senior notes due 2020 were validly tendered and accepted for purchase by the company.

After the tender offer expired at 5:00 p.m. on Oct. 9, $220.4 million of the 2019 notes, and $44.6 million of the 2020 notes remain outstanding.

Also on Oct. 9, Clearway Energy got a notice of conversion for $395,000 of the 2020 notes which it has elected to settle on Oct. 12 by issuing 14,363 shares of Class C common stock at 1 cent apiece.