NRG Energy Inc., which operates four Connecticut powerplants, said Tuesday it finished the refinancing of $3.9 billion of its first lien facilities.
The first lien structure now includes a $2.3 billion credit line maturing in 2016 and a $1.6 billion term loan B credit line maturing in 2018, the wholesale power generation company said.
NRG’s new credit line will be used to provide for its letter of credit requirements and also serve as a source of additional cash. The new term loan B facility refinances two portions of an existing term loan with a single line maturing in 2018, the company said.
As part of the refinancing, NRG, based in Princeton, N.J., said it recently completed the tender and redemption of its 7.375 percent senior notes due in 2016.
