---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-030928"
form_type: "8-K"
ticker: "NRG"
cik: "0001013871"
company_name: "NRG ENERGY, INC."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:11:34.483381+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NRG completes $2.6B acquisition of Vivint Smart Home; $12/share cash

## Summary
- Acquisition closed March 10, 2023; Vivint shareholders receive $12.00 per share in cash.
- Total consideration of approx. $2.6 billion funded via $740M secured notes, $650M preferred stock, and other sources.
- Combined company serves ~7.3 million customers across North America.
- NRG issued 650,000 shares of 10.25% Series A Preferred Stock with $1,000 liquidation preference.
- NRG issued $740M of 7.000% senior secured notes due 2033 to help fund the deal.

## SEC filing metadata
- accession: 0001104659-23-030928
- form_type: 8-K
- ticker: NRG
- cik: 0001013871
- company_name: NRG ENERGY, INC.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013871/000110465923030928/0001104659-23-030928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013871/000110465923030928/tm238056d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-030928
- JSON: https://secwatch.observer/filing/0001104659-23-030928.json
- Plain text: https://secwatch.observer/filing/0001104659-23-030928.txt

## Key facts
- Debt Financings
  NRG ENERGY, INC. incurred senior notes of $740.0 million aggregate principal amount with initial purchasers at 7.000% maturing due 2033.
  - Instrument: senior notes
  - Principal: $740.0 million aggregate principal amount
  - Counterparty: initial purchasers
  - Rate: 7.000%
  - Maturity: due 2033
  - Event: incurrence
  source text: the Company completed the sale of $740.0 million aggregate principal amount of 7.000% senior secured first lien notes due 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465923030928/0001104659-23-030928-index.htm
- M&A Transactions
  NRG ENERGY, INC. completed an acquisition involving Vivint Smart Home, Inc. for $12.00 in cash (closed 2023-03-10).
  - Action: acquisition
  - Counterparty: Vivint Smart Home, Inc.
  - Consideration: $12.00 in cash
  - Closing: 2023-03-10
  source text: 023 (the “Closing Date”), of the acquisition of Vivint Smart Home, Inc., a Delaware corporation (“Vivint”), by NRG Energy, Inc., a Delaware corporation (the “Company”), pursuant to the previously disclosed Agreement and Plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465923030928/0001104659-23-030928-index.htm
- Material Agreements
  NRG ENERGY, INC. entered into Supplemental Indenture with Deutsche Bank Trust Company Americas valued at $740.0 million aggregate principal amount of 7.000% senior secured first lien notes due 2033 (effective 2023-03-09).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Deutsche Bank Trust Company Americas
  - Value: $740.0 million aggregate principal amount of 7.000% senior secured first lien notes due 2033
  - Effective: 2023-03-09
  source text: On March 9, 2023, the Company completed the sale of $740.0 million aggregate principal amount of 7.000% senior secured first lien notes due 2033 (the “Notes”) pursuant to the terms of a purchase agreement, dated March 2, 2023, among the Company, the guarantors named therein and the initial purchasers named therein (the “Initial Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465923030928/0001104659-23-030928-index.htm

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