NRG Energy announces $950M accelerated share repurchase and $600M debt tender offer

NRG ENERGY, INC.

ASR agreements with multiple dealers to repurchase $950M of NRG common stock; over 80% of shares expected in initial settlement.
Cash tender offer for up to $600M of senior notes due 2029, 2031, and 2032, with early tender payment of $50 per $1,000 principal.
Total consideration per $1,000 principal: 3.875% notes due 2032 at $810; 3.625% notes due 2031 at $820; 3.375% notes due 2029 at $855.
Tender offer expires on Dec 6, 2023; early tender deadline is Nov 20, 2023; final ASR settlement expected in Q1 2024.

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