On October 15, 2024, NRG Energy, Inc. commenced an offer to exchange any and all outstanding 5.75% Senior Notes due 2029 issued by its wholly-owned subsidiary, APX Group, Inc., for new notes to be issued by NRG and cash.
Concurrently with the exchange offer, NRG is soliciting consents to amend the indenture governing the existing APX unsecured notes. These proposed amendments aim to eliminate substantially all restrictive covenants and certain affirmative covenants and events of default.
Holders who tender their notes by the early deadline of October 28, 2024, are eligible to receive a total exchange consideration, including an early tender premium. The early settlement date for these tendered notes is expected within three business days after the early tender date.
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