March 21, 2018 / 9:00 PM / in 9 months

BRIEF-NRG Energy Lenders Agree To Reprice Its Term Loan B

March 21 (Reuters) - Nrg Energy Inc:

* NRG LENDERS AGREE TO REPRICE ITS TERM LOAN B

* NRG ENERGY - REPRICED $1.872 BILLION TERM LOAN B DUE JUNE 2023

* NRG ENERGY INC - TRANSACTION IS LEVERAGE NEUTRAL AND ENHANCES FREE CASH FLOW BEFORE GROWTH

* NRG ENERGY INC - TRANSACTION WILL REDUCE INTEREST RATE MARGIN ON TERM LOAN BY 50 BASIS POINTS TO LIBOR +175 BASIS POINTS

* NRG ENERGY INC - EXPECTS INTEREST SAVINGS OVER REMAINING LIFE OF LOAN TO TOTAL APPROXIMATELY $47 MILLION

* NRG ENERGY INC - EXPECTED ANNUALIZED INTEREST SAVINGS ARE ESTIMATED TO BE APPROXIMATELY $9 MILLION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below