Wednesday, July 24, 2024
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NRG Energy has disclosed its plans to repurchase approximately $251 million aggregate principal amount of its existing 2.75% convertible senior notes due 2048 through separate, privately negotiated transactions. The repurchases are set to conclude around April 18, 2024, subject to customary closing conditions. After this transaction, and factoring in around $92 million aggregate principal amount of Convertible Notes previously repurchased by the company, approximately $232 million aggregate principal amount of Convertible Notes will remain outstanding.

It’s important to note that this announcement does not serve as an offer to sell or a solicitation of an offer to buy these securities, nor does it imply any offer or sale of these securities in any state or jurisdiction where it would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction

The release contains forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are subject to certain risks, uncertainties, and assumptions and are typically identified by terms like “expect,” “estimate,” “anticipate,” and “believe.” While NRG believes these expectations are reasonable, it cannot guarantee their accuracy, and actual results may differ materially. NRG commits to updating or revising any forward-looking statements as required by law, whether due to new information, future events, or other factors.

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