Business Wire·Apr 28, 2026, 8:37 AM ET

NRG Energy, Inc. Announces Early Results of Cash Tender Offer and Consent Solicitation

NRG Energy's subsidiary Lightning Power announced early results showing approximately $1.495 billion (99.67%) of outstanding 7.250% senior secured notes due 2032 were validly tendered by the April 27, 2026 deadline.
Lightning received the required consents to amend the note indenture by eliminating restrictive covenants & releasing all guarantees & collateral securing the notes.
Holders who tendered notes by the early deadline are eligible for a total consideration of $1,063.75 per $1,000 principal amount, which includes a $50 early tender payment.
Holders tendering after the early deadline but before the May 12, 2026 expiration will receive $1,013.75 per $1,000 principal amount without the early tender bonus.
Lightning issued a notice to redeem all outstanding notes at the tender offer consideration price plus accrued interest, with a scheduled redemption date of May 13, 2026.
The proposed amendments & release are expected to become operative on the Early Settlement Date of April 29, 2026, pending satisfaction of conditions such as the Financing Condition.
The tender offer remains subject to termination, in which case tendered notes would be returned to holders without payment of consideration.
D.F. King & Co. serves as the tender & information agent, while Citigroup Global Markets Inc. & Santander US Capital Markets LLC act as lead dealer managers.