---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-124932"
form_type: "8-K"
ticker: "NRG"
cik: "0001013871"
company_name: "NRG ENERGY, INC."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:32:12.931136+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NRG Energy to acquire Vivint Smart Home for $12/share ($2.8B) all-cash

## Summary
- NRG will acquire Vivint for $12.00 per share, all-cash, total enterprise value of $5.2 billion including $2.4B debt assumption.
- Premium of ~33% to Vivint's Dec. 5 closing price; implied 6.3x EV/run-rate Adj. EBITDA ($835M including $100M synergies).
- Transaction approved by both boards; Vivint stockholders holding 59% of shares have consented; expected close Q1 2023.
- NRG intends to maintain its dividend growth policy and complete $1B share repurchase program ($360M remaining).
- Goldman Sachs provides $2.1B bridge financing; closing subject to HSR antitrust clearance.

## SEC filing metadata
- accession: 0001104659-22-124932
- form_type: 8-K
- ticker: NRG
- cik: 0001013871
- company_name: NRG ENERGY, INC.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013871/000110465922124932/0001104659-22-124932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013871/000110465922124932/tm2231415d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-124932
- JSON: https://secwatch.observer/filing/0001104659-22-124932.json
- Plain text: https://secwatch.observer/filing/0001104659-22-124932.txt

## Key facts
- Material Agreements
  NRG ENERGY, INC. entered into Agreement and Plan of Merger with Vivint Smart Home, Inc. valued at $12.00 per share in cash (effective 2022-12-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Vivint Smart Home, Inc.
  - Value: $12.00 per share in cash
  - Effective: 2022-12-06
  source text: On December 6, 2022, NRG Energy, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Jetson Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and Vivint Smart Home, Inc., a Delaware corporation (“Vivint”), pursuant to which Merger Sub will be merged with and into Vivint (the “Merger”), with Vivint surviving the Merger as a wholly owned subsidiary of the Company (the “Surviving Corporation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465922124932/0001104659-22-124932-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.