NRG Energy launches tender & exchange offers for $1.4B of APX notes; plans up to $1.5B new debt

NRG ENERGY, INC.

APX Group commences cash tender offer for any and all of its $600M 6.75% senior secured notes due 2027.
NRG launches exchange offer for any and all of APX's $800M 5.75% senior notes due 2029.
NRG intends to market up to $1.5B of new unsecured senior debt to fund the transactions.
Early tender deadline is Oct 28, 2024; expiration is Nov 13, 2024.
Purpose: simplify capital structure, integrate Vivint Smart Home, extend maturity profile.

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