On October 28, 2024, NRG Energy, Inc. announced the early results of its previously initiated cash tender offer for APX Group, Inc.'s 6.75% Senior Secured Notes due 2027 and an exchange offer for its 5.75% Senior Notes due 2029.
Approximately $589.0 million, representing 98.2% of the outstanding 6.75% Senior Secured Notes, were validly tendered. For the exchange offer, about $798.2 million, or 99.8% of the outstanding 5.75% Senior Notes, were tendered by the early deadline.
APX Group also received the necessary consents to eliminate substantially all restrictive covenants and release collateral for the secured notes, and to eliminate restrictive covenants for the unsecured notes. The early settlement date for both offers is expected to be October 30, 2024.
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