NRG ENERGY,INC. (NYSE:NRG) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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NRG ENERGY,INC. (NYSE:NRG) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement.

On March21, 2018, NRG Energy,Inc (“NRG”), as borrower, completed an amendment to its senior secured credit facilities (the “Senior Credit Facilities”) to the terms of the Second Amendment Agreement, dated as of March21, 2018 (the “Second Amendment Agreement”), to the Second Amended and Restated Credit Agreement, dated as of June30, 2016 (as amended, the “Second Amended and Restated Credit Agreement”), to reduce the margin and LIBOR floor on certain borrowings under its Senior Credit Facilities and incorporate certain other changes.

Borrowings under the Senior Credit Facilities are determined at NRG’s election, at LIBOR or at base rate, in each case, plus an applicable margin. The Second Amendment Agreement decreases the applicable margins for borrowings under (i)ABR Term Loans from 1.25% to 0.75% and (ii)Eurodollar Term Loans from 2.25% to 1.75%, as such terms are defined in the Second Amended and Restated Credit Agreement. The Second Amendment Agreement also reduces the LIBOR floor applicable to Term Loans (as such term is defined in the Second Amended and Restated Credit Agreement) from 0.75% to 0.00%. The decreases to the applicable margins and LIBOR floor became effective upon execution of the Second Amendment Agreement.

The foregoing description of the Second Amendment Agreement does not purport to be complete and is qualified in its entirety by reference to the Second Amendment Agreement, which is filed as Exhibit10.1 to this Current Report on Form8-K and incorporated herein by reference.

Item 1.01. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant.

The disclosures under Item 1.01 of this Current Report on Form8-K are also responsive to Item 1.01 of this report and are incorporated by reference into this Item 1.01.

Item 1.01. Other Events.

On March21, 2018, NRG issued a press release announcing the repricing effected to the Second Amendment Agreement (the “Repricing”). A copy of the press release announcing the Repricing is attached hereto as Exhibit99.1 and incorporated herein by reference.

Item 1.01. Financial Statements and Exhibits.

(d)Exhibits


NRG ENERGY, INC. Exhibit
EX-10.1 2 a18-8814_1ex10d1.htm EX-10.1 Exhibit 10.1   Execution Version   SECOND AMENDMENT AGREEMENT   SECOND AMENDMENT AGREEMENT dated as of March 21,…
To view the full exhibit click here

About NRG ENERGY,INC. (NYSE:NRG)

NRG Energy, Inc. (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities. NRG Yield includes certain of the Company’s contracted generation assets. Its corporate segment includes Boston Energy Trading and Marketing LLC (BETM), international business and electric vehicle services. It owns and operates approximately 50,000 megawatts of generation, and engages in the trading of wholesale energy, capacity and related products.