Latham & Watkins Advises on NRG Energy’s Senior Notes Offerings Totaling US$2.6 Billion and US$1.5 Billion Tender Offer

NRG Energy, Inc. (NYSE: NRG) has announced it has priced offerings of US$500 million aggregate principal amount of 4.955% senior secured first lien notes due 2031 and senior unsecured notes, consisting of US$1.05 billion aggregate principal amount of 5.875% senior unsecured notes due 2034 and US$1.05 billion aggregate principal amount of 6.125% senior unsecured notes due 2036. Additionally, NRG announced that its wholly owned subsidiary, Lightning Power, LLC, has commenced an offer to purchase for cash any and all of Lightning’s outstanding 7.250% senior secured notes due 2032, of which US$1.5 billion aggregate principal amount is currently outstanding.

Latham & Watkins LLP represents the underwriters and dealer managers in the transactions with a corporate team led by New York partner Keith Halverstam and Washington, D.C./New York partner Chuck Cassidy, with associates Robyn Sablove, Alex Gulino, and Jackie Stern. Advice was also provided on tax matters by New York partner Bora Bozkurt; on energy regulatory matters by Washington, D.C. partner Tyler Brown and Washington, D.C. counsel Jamie Blackburn; and on environmental matters by Orange County partner Chris Norton and New York counsel David Langer.