NRG Energy has successfully upsized and priced its senior unsecured notes offering to $1.875 billion, increased from the initially announced $1.5 billion. The offering consists of $925 million in 6.00% senior notes due 2033 and $950 million in 6.25% senior notes due 2034. The offering is expected to close on October 30, 2024.The company plans to use the proceeds, along with a proposed $450 million term loan B and cash on hand, to fund several strategic financial initiatives. These include paying the tender price for APX Group's 6.75% Senior Secured Notes due 2027, repaying APX's secured term loans of approximately $1.3 billion, and covering transaction fees and expenses.The additional proceeds from the upsized offering will be used to redeem all outstanding 6.625% Senior Notes due 2027, which currently amount to $375 million. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.

NRG Energy has successfully upsized and priced its senior unsecured notes offering to $1.875 billion, increased from the initially announced $1.5 billion. The offering consists of $925 million in 6.00% senior notes due 2033 and $950 million in 6.25% senior notes due 2034. The offering is expected to close on October 30, 2024.The company plans to use the proceeds, along with a proposed $450 million term loan B and cash on hand, to fund several strategic financial initiatives. These include paying the tender price for APX Group's 6.75% Senior Secured Notes due 2027, repaying APX's secured term loans of approximately $1.3 billion, and covering transaction fees and expenses.The additional proceeds from the upsized offering will be used to redeem all outstanding 6.625% Senior Notes due 2027, which currently amount to $375 million. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.