NRG Energy to make stock offerings

Princeton, NJ, Jan. 5, 2006 — NRG Energy Inc. plans to make concurrent public offerings of its common stock, mandatory convertible preferred stock and unsecured notes to finance the previously announced acquisition of Texas Genco LLC.

The offerings, which are subject to market and other conditions, will consist of approximately $1.0 billion of common stock, $500 million of mandatory convertible preferred stock and $3.6 billion of unsecured notes.

In addition, the company expects to grant the underwriters a customary 15% over-allotment option to purchase additional shares of common and preferred stock.

The offerings will be made under the company’s existing shelf registration statement filed with the Securities and Exchange Commission on December 21, 2005, and are expected to price the week of January 23, 2006.

Previous articleVISTA utility automation/IT market intelligence programs debut in 2006
Next articleInternational Power Group signs letter to purchase fifty one per cent of GiraSolar B.V.

No posts to display