NRG upsizes note offering to $1.875B, prices two tranches at 6.00% and 6.25%

NRG ENERGY, INC.

Offering upsized from $1.5B to $1.875B; includes $925M of 6.00% notes due 2033 and $950M of 6.25% notes due 2034.
Net proceeds to fund tender for APX 6.75% notes due 2027 and repay ~$1.3B APX secured term loans; excess to redeem $375M of NRG's 6.625% notes due 2027.
Offering expected to close October 30, 2024, subject to customary conditions.

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