NRG Energy Inc.'s Proposed $875 Million Senior Secured Term Loan B Rated 'BBB-'

NEW YORK (S&P Global Ratings) March 19, 2024-- S&P Global Ratings assigned its 'BBB-' issue-level rating to NRG Energy Inc.?s proposed $875 million senior secured term loan B due 2031. NRG intends to use the proceeds from the offering to repay the senior secured notes due 2024 and for general corporate purposes. The term loan B will rank pari passu with NRG's existed secured debt but will not include fall away provisions like the revolving credit facility. For a full credit update, please see our research update "NRG Energy Inc. Outlook Revised To Positive On Improved Credit Metrics; Issuer Credit And Debt Ratings Affirmed" published on March 18, 2024. Criteria Corporates General: Methodology: Management And Governance Credit Factors

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