NRG Energy Upsizes And Prices $1.875B Senior Notes Due 2033 And 2034
Portfolio Pulse from Benzinga Newsdesk
NRG Energy, Inc. has increased its offering of senior unsecured notes to $1.875 billion, consisting of $925 million in 6.00% notes due 2033 and $950 million in 6.25% notes due 2034. The offering size was increased from $1.5 billion and is expected to close on October 30, 2024.
October 17, 2024 | 6:48 am
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NRG Energy has increased its senior notes offering to $1.875 billion, indicating strong demand and potentially improved liquidity. The notes are due in 2033 and 2034 with interest rates of 6.00% and 6.25%, respectively.
The upsizing of the notes offering suggests strong investor demand and could improve NRG's liquidity position. This is likely to be viewed positively by the market, potentially leading to a short-term increase in stock price.
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