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0 -0.00256649556696219 -0.00239150723285112 -0.00239150723285112 0.0125991600559962 0.00297480167988812 0.0107326178254783 0.0144365375641624
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NRG Energy, Inc. Announces Cash Tender Offer and Consent Solicitation for any and all of Lightning Power, LLC’s outstanding 7.250% Senior Secured Notes due 2032

NRG Energy, Inc. (NRG) 
Last nrg energy, inc. earnings: 11/7 07:06 am Check Earnings Report
US:NYSE Investor Relations: investors.nrg.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) announced today that its wholly-owned subsidiary, Lightning Power, LLC (“Lightning”), has commenced an offer to purchase for cash (the “Tender Offer”) any and all of Lightning’s outstanding 7.250% senior secured notes due 2032 (the “Notes”), of which $1,500 million aggregate principal amount is currently outstanding.In conjunction with the Tender Offer, Lightning is also soliciting consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Notes (the “Indenture”) to (1) eliminate substantially all of the restrictive covenants and certain affirmative covenants and events of default and related provisions therein (the “Proposed Amendments”) and (2) release all of the guarantees of and the collateral securing the Notes (the “Release”). The Proposed Amendments require the consent of holders of a majority in aggregate principal amount of the outstanding Notes (the “Covenant Requisite Co Show less Read more
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