NRG Energy Inc (NRG) 2023-2

Tranche Comments
P NC 5: First Pay: 2023-09-15; Redemption: 2028-03-15; Registration: 144A/Reg S; Comments: US$650m 10.25% perp NC5 (3/15/28) at $1,000 per share. Redemption: after 3/15/28; within 120 days after conclusion of a review following a rating event at redemption price $1,020 (102% of the liquidation preference of $1,000) per share; 120 days after Change of Control Trigger event at $1,030 (103.0% of liquidation preference) per share before 3/15/24, $1,020 (102.0%) per share prior to 3/15/25, and $1,010 (101.0%) per share prior to 3/15/28. Special Mandatory Redemption: If acquisition of Vivint is not consummated prior to 9/06/23 or issuer terminates the Merger the issuer will redeem at redemption price of $1,010 (101.0%) per share plus all dividends. LEI: 5E2UPK5SW04M13XY7I38. Tax Call: No. PP: No. XD: No. Reset Date: 2028-03-15;
Use of Proceeds

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