NRG Energy, Inc. (NYSE: NRG), today announced the successful early tender results of its previously announced cash tender offer for any and all of its outstanding 7.375% senior notes due 2017 (the “2017 Notes”). The tender offer includes a concurrent consent solicitation respecting indenture amendments that would significantly modify and remove certain restrictive covenants in the indenture governing the 2017 Notes. The table below sets forth the results of the tender offer and consent solicitation for the 2017 Notes, according to information provided by the depositary, as of the early tender and consent deadline of 5:00 p.m., New York City time, on September 21, 2012.
|Title of Notes||CUSIP Number||Principal AmountOutstanding||Amount of NotesTendered andConsented||ApproximatePercentage of NotesTendered andConsented|
|7.375% Senior Notes due 2017||629377AX0||$1,090,000,000||$819,651,000||75.20%|
Based on such tenders and separate consents delivered, the proposed amendments have been approved. The 2017 Notes that remain outstanding after the consummation of the tender offer and consent solicitation will not have the benefit of certain provisions presently in the indenture governing the 2017 Notes, possibly increasing the investment risks associated with the notes and making them less attractive as an investment.
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