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Clearway issues tender offer for $616.7M of outstanding notes

Clearway Energy Inc., formerly known as NRG Yield Inc., on Sept. 10 issued a tender offer to purchase all of its 3.50% convertible senior notes due 2019 and 3.25% convertible senior notes due 2020 on Oct. 9.

The tender offer includes 100% of the principal amount of the notes, plus accrued and unpaid interest. Clearway Energy had $329.2 million of 2019 notes and $287.5 million of 2020 notes outstanding, according to a filing. Holders can tender notes until 5 p.m. ET on Oct. 9.

Clearway Energy was formed after NRG Energy Inc. sold its interest in NRG Yield and a renewable energy business to Global Infrastructure Partners.