Global Finance News
25 Sep 2025, 10:08
NRG Energy to Acquire 13 GW LS Power Portfolio, Launches Debt Offerings
NRG Energy, Inc. (NYSE: NRG) announced it has entered into a purchase agreement to acquire a portfolio of generation and related assets from affiliates of LS Power. The deal includes about 13 GW of natural gas-fired facilities and a commercial and industrial virtual power plant platform with 6 GW of capacity. NRG expects the portfolio to contribute roughly $1.6 billion to Adjusted EBITDA, including $800 million in anticipated revenue enhancements within 18 months of closing.
To finance the acquisition, NRG launched concurrent offerings of senior secured notes due 2030 and 2035 and senior unsecured notes due 2034 and 2036, under Rule 144A and Regulation S.
Separately, NRG secured a $216 million loan from the Texas Energy Fund (TEF) to support development at its T.H. Wharton facility and anticipates a $562 million TEF loan for its Cedar Bayou facility, both at a 3% fixed rate with long-term maturities.
NRG Energy, Inc. (NYSE: NRG) announced it has entered into a purchase agreement to acquire a portfolio of generation and related assets from affiliates of LS Power. The deal includes about 13 GW of natural gas-fired facilities and a commercial and industrial virtual power plant platform with 6 GW of capacity. NRG expects the portfolio to contribute roughly $1.6 billion to Adjusted EBITDA, including $800 million in anticipated revenue enhancements within 18 months of closing.
To finance the acquisition, NRG launched concurrent offerings of senior secured notes due 2030 and 2035 and senior unsecured notes due 2034 and 2036, under Rule 144A and Regulation S.
Separately, NRG secured a $216 million loan from the Texas Energy Fund (TEF) to support development at its T.H. Wharton facility and anticipates a $562 million TEF loan for its Cedar Bayou facility, both at a 3% fixed rate with long-term maturities.
