On May 15, 2025, NRG Energy, Inc. issued a notice of redemption for all of its outstanding 2.75% Convertible Senior Notes due 2048. The redemption date for these notes is set for July 8, 2025.
The redemption price will be 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest from June 1, 2025, up to, but excluding, the redemption date. Noteholders have the option to convert their notes into common stock before 5:00 p.m. New York City time on July 7, 2025.
The conversion rate in effect as of the announcement date is 24.6144 shares of common stock per $1,000 principal amount of notes. This redemption is a strategic financial move to manage NRG's debt obligations and capital structure.
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