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

Latham & Watkins represented the underwriters and dealer managers in transactions for NRG Energy, Inc. and its wholly owned subsidiary Lightning Power, LLC. NRG Energy announced the pricing of offerings consisting of US$500 million aggregate principal amount of 4.955% senior secured first lien notes due 2031 and US$2.1 billion aggregate principal amount of senior unsecured notes comprised of US$1.05 billion of 5.875% senior unsecured notes due 2034 and US$1.05 billion of 6.125% senior unsecured notes due 2036, for aggregate senior notes offerings totaling US$2.6 billion. Separately, Lightning Power, LLC has commenced an offer to purchase for cash any and all of its outstanding 7.250% senior secured notes due 2032, of which US$1.5 billion aggregate principal amount is currently outstanding. Latham & Watkins represented the underwriters and dealer managers in the transactions involving NRG Energy, Inc. and Lightning Power, LLC with a team composed by: New York partner Keith L. Halverstam and Washington, D.C./New York partner R. Charles Cassidy III as corporate leads; associates Robyn Sablove, Alex Gulino, and Jackie Stern. Tax advice was provided by New York partner Bora Bozkurt. Energy regulatory matters were handled by Washington, D.C. partner Tyler Brown and Washington, D.C. counsel Jamie Blackburn. Environmental matters were advised by Orange County partner Chris Norton and New York counsel David Langer.

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

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

Read the full story

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