NRG Energy reprices senior credit, sees annual interest savings $49M NRG Energy has exceeded its post-merger goals for balance sheet efficiencies through the successful repricing of its senior credit facilities and the redemption of GenOn’s Senior Notes due 2014 of $575M announced on May 24. NRG repriced its $1.57B Term Loan B due 2018, reducing the spread from 2.5% to 2%, and increased the amount by $450M to a total of $2.02B. Also, NRG repriced its $2.3B revolving credit facility, extending the maturity by two years to 2018 and reducing the spread from 2.75% to 2.25%. The company also was able to increase the facility by $200M to $2.5B. These transactions will result in annualized interest savings of $49M beginning in FY14.
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