NRG Expects To Complete Up To $2.55B Of Debt Reduction To Achieve Target Investment Grade Credit Metrics Of 2.5X To 2.75X Net Debt / Adjusted Corporate EBITDA By 2025
Portfolio Pulse from Benzinga Newsdesk
NRG Energy plans to reduce its debt by up to $2.55 billion to achieve its target investment grade credit metrics of 2.5x to 2.75x net debt/adjusted corporate EBITDA by 2025.
June 22, 2023 | 11:41 am
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NRG Energy's plan to reduce debt by up to $2.55 billion could improve its credit metrics and financial stability.
NRG Energy's plan to reduce its debt by up to $2.55 billion will help the company achieve its target investment grade credit metrics, which could lead to improved financial stability and a more attractive investment profile. This news is likely to have a positive impact on NRG's stock price in the short term.
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