Notice: Undefined index: xban_cat_1 in /web/reseaux.jaguar-media.com/inc.php on line 435
  •  
BACK SEND PRINT

NRG Yield, Inc. Announces Private Placement of $45 Million Additional 3.5% Convertible Senior Notes Due 2019



March 3, 2014

NRG Yield, Inc. (NYSE:NYLD) ("NRG Yield" or the "Company") announced that, in connection with its previously announced offering of $300 million in aggregate principal amount of its 3.5% convertible senior notes due 2019 (the "Notes"), the underwriters of the offering have exercised in full their option to purchase an additional $45 million in aggregate principal amount of the Notes (the 'Additional Notes'), bringing the total aggregate principal amount of Notes sold in the offering to $345 million. The Company announced the closing of the sale of the Additional Notes.

The Additional Notes will be fully and unconditionally guaranteed on a senior basis by NRG Yield LLC and NRG Yield Operating LLC ('Yield Operating LLC'), the direct and indirect subsidiaries of the Company, respectively. NRG Yield will lend the net proceeds from this offering to Yield Operating LLC, and Yield Operating LLC intends to use the proceeds for working capital and general corporate purposes, including the acquisition of assets from NRG Energy, Inc. or other third parties, although NRG Yield does not currently have any agreements to do so in place.

Morgan Stanley, BofA Merrill Lynch, RBC Capital Markets and Goldman, Sachs & Co. have acted as joint book-running managers for the offering.

The Additional Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Additional Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This notice does not constitute an offer to sell the Additional Notes, nor a solicitation for an offer to purchase the Additional Notes.

Forward-Looking Statements

This communication contains forward-looking statements that may state NRG Yield's or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe" and similar terms. Although NRG Yield believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the power industry, weather conditions, competition in wholesale power markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, changes in government regulation of markets and of environmental emissions, the condition of capital markets generally, our ability to access capital markets, unanticipated outages at our generation facilities, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), our ability to enter into new contracts as existing contracts expire, our ability to obtain anticipated Section 1603 Cash Grants and our ability to maintain and grow our quarterly dividends.

NRG Yield undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG Yield's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG Yield's future results included in NRG Yield's filings with the Securities and Exchange Commission at www.sec.gov.

For more information :

Organization:
NRG Yield, Inc.
Address:
211 Carnegie Center
Princeton, New Jersey
United States, 08540-6213
www.nrgyield.com

Contact person:
Karen Cleeve
Media Contacts
Tel: 609-524-4608

Contact person:
Chad Plotkin or Dan Keyes
Investors Contact
Tel: 609-524-4526 or 609-524-4527


Link http://www.electricenergyonline.com/detail_news.php?ID=472589
BACK SEND PRINT
Most consulted news

Contact us

Jaguar Expo Inc
1160 rue Levis, Suite 100
Terrebonne (Quebec) J6W 5S6

Tel.: 450-471-0796
Toll free: 888-332-3749
Fax: 450-471-5443 . 888-243-4562

info@electricenergyonline.com
www.electricenergyonline.com

  Press

  Jobs

  Events

  Subscription

  News

  Magazine

  News on your smartphone

© 2014, Jaguar Media inc. All rights reserved. 1996-2014