NRG Energy Inc. priced its offering of $600 million of 3.75% senior secured first-lien notes due June 15, 2024, and $500 million of 4.45% senior secured first-lien notes due June 15, 2029.

The 2024 notes were priced at 99.971% of their face value, while the 2029 notes were priced at 99.869% of their face value, according to a May 20 news release.

The company plans to use net proceeds from the offering, together with cash on hand, to fully repay its senior first priority secured term loan and pay fees related to the offering.

The offering is expected to close May 28, subject to customary conditions.