NRG Yield Operating LLC, a Subsidiary of NRG Yield, Inc., Announces Closing of Offering of $350.0 Million Senior Notes
18 Agosto 2016 - 3:05PM
Business Wire
NRG Yield Operating LLC (“Yield Operating”), a subsidiary of NRG
Yield, Inc. (NYSE:NYLD, NYLD.A) (“NRG Yield”), today announced that
it has closed its previously announced offering of $350.0 million
in aggregate principal amount of senior 5.000% notes due 2026 (the
“Notes”). The Notes are senior unsecured obligations of Yield
Operating and are guaranteed by NRG Yield LLC, Yield Operating’s
parent company, and by each of Yield Operating’s wholly owned
current and future subsidiaries that guarantees indebtedness under
its credit agreement.
Yield Operating intends to use the proceeds of the offering to
repay all outstanding borrowings under its revolving credit
facility, and the remaining net proceeds will be used for general
corporate purposes, including the funding of acquisitions and
investments.
The Notes and related guarantees were offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act of 1933, as amended (the “Securities Act”), or outside the
United States to persons other than “U.S. persons” in compliance
with Regulation S under the Securities Act. The Notes and related
guarantees have not been registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States absent registration or an applicable
exemption from the registration requirements. This notice is issued
pursuant to Rule 135c of the Securities Act, and does not
constitute an offer to sell, nor a solicitation for an offer to
purchase the Notes.
About NRG Yield
NRG Yield owns a diversified portfolio of contracted renewable
and conventional generation and thermal infrastructure assets in
the United States, including fossil fuel, solar and wind power
generation facilities that have the capacity to support more than
two million American homes and businesses. Our thermal
infrastructure assets provide steam, hot and/or chilled water, and
in some instances electricity, to commercial businesses,
universities, hospitals and governmental units in multiple
locations. NRG Yield’s Class C and Class A common stock are traded
on the New York Stock Exchange under the symbols NYLD and NYLD.A,
respectively.
Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements are subject to certain risks, uncertainties and
assumptions and typically can be identified by the use of words
such as “expect,” “estimate,” “anticipate,” “forecast,” “plan,”
“believe” and similar terms. Although NRG Yield believes that its
expectations are reasonable, it can give no assurance that these
expectations will prove to be correct, and actual results may vary
materially. Factors that could cause actual results to differ
materially from those contemplated herein include, among others,
general economic conditions, hazards customary in the power
industry, weather conditions, including wind and solar performance,
competition in wholesale power markets, the volatility of energy
and fuel prices, failure of customers to perform under contracts,
changes in the wholesale power markets, changes in government
regulation, the condition of capital markets generally, our ability
to access capital markets, unanticipated outages at our generation
facilities, adverse results in current and future litigation,
failure to identify or successfully execute acquisitions, our
ability to enter into new contracts as existing contracts expire,
our ability to acquire assets from NRG Energy, Inc. or third
parties, our ability to maintain or create successful partnering
relationships with NRG Energy, Inc. and other third parties, our
ability to close drop-down transactions, and our ability to
maintain and grow our quarterly dividends. Furthermore, any
dividends are subject to available capital, market conditions, and
compliance with associated laws and regulations.
NRG Yield undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that
could cause NRG Yield’s actual results to differ materially from
those contemplated in the forward-looking statements included in
this news release should be considered in connection with
information regarding risks and uncertainties that may affect NRG
Yield’s future results included in NRG Yield’s filings with the
Securities and Exchange Commission at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818005122/en/
For NRG Yield:Media:Karen Cleeve, 609-524-4608orMarijke
Shugrue, 609-524-5262orInvestors:Kevin L. Cole, CFA,
609-524-4526orLindsey Puchyr, 609-524-4527
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