NYSE:NRGElectric Utilities
NRG Energy Debt Tender Reshapes Covenants And Investor Risk Profile
NRG Energy, through its Lightning Power subsidiary, has received over 99% early tenders in a cash offer for its 7.250% senior secured notes.
The company also secured the required consents to amend the notes indenture, clearing the way to remove restrictive covenants and release certain guarantees and collateral.
This debt move positions NRG to adjust its balance sheet structure and future obligations in a single, concentrated transaction.
NRG Energy (NYSE:NRG), recently trading at about...