On October 29, 2024, NRG Energy, Inc. announced the pricing terms for its cash tender offer for any and all outstanding 6.75% Senior Secured Notes due 2027 issued by its subsidiary, APX Group, Inc.
The total consideration for notes tendered by the early deadline of October 28, 2024, was set at $1,004.11 per $1,000 principal amount, which includes an early tender payment of $50.00. This pricing was determined by reference to the bid side yield to maturity of a U.S. Treasury reference security at 10:00 a.m. New York City time on October 29, 2024.
Holders who did not tender by the early deadline have until November 13, 2024, to participate, though they will not receive the early tender payment. The early settlement date for the tendered notes is expected to be October 30, 2024.
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