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NRG Energy Prices $4.9 Billion Senior Secured, Unsecured Notes

BY MT Newswires | CORPORATE | 09/24/25 05:18 PM EDT

05:18 PM EDT, 09/24/2025 (MT Newswires) -- NRG Energy (NRG) said late Wednesday it priced senior secured and unsecured notes in concurrent offerings.

The company priced $625 million of 4.734% senior secured first lien notes due 2030 and an identical amount of 5.407% senior secured notes due 2035.

NRG also priced $1.25 billion of 5.75% senior unsecured notes due 2034 and $2.40 billion of 6% senior notes due 2036, according to a statement.

The company said it intends to use a portion of the net proceeds to partially fund the acquisition of Lightning Power, Linebacker Power, CSS Intermediate HoldCo, and Jack County Power Development. Proceeds from the 2035 notes will also be used to repay its $500 million of 2% senior secured first lien notes at maturity in December 2025.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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