NRG Energy, Inc. Announces $950 Million Accelerated Share Repurchase
06 Novembre 2023 - 3:22PM
Business Wire
NRG Energy, Inc. (NYSE:NRG) announced today that it has entered
into accelerated share repurchase (“ASR”) agreements with multiple
dealers to repurchase $950 million of NRG’s common stock.
Under the ASR agreements, NRG will pay $950 million to the
dealers and receive shares of NRG’s common stock from each dealer
on the specified settlement dates. NRG expects to receive over 80%
of the shares to be repurchased during the initial settlement
period. The total number of shares purchased by NRG pursuant to the
ASR agreements will generally be based on the volume-weighted
average prices of NRG’s common stock during the term of each ASR
agreement, less a discount. The final settlement of the
transactions is expected to occur in the first quarter of 2024.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements are subject to certain risks, uncertainties and
assumptions and typically can be identified by the use of words
such as “expect,” “estimate,” “should,” “anticipate,” “forecast,”
“plan,” “guidance,” “outlook,” “believe” and similar terms.
Although NRG believes that the expectations are reasonable, it can
give no assurance that these expectations will prove to be correct,
and actual results may vary materially.
NRG undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. The
foregoing review of factors that could cause NRG’s actual results
to differ materially from those contemplated in the forward-looking
statements included in this news release should be considered in
connection with information regarding risks and uncertainties that
may affect NRG’s future results included in NRG’s filings with the
SEC at www.sec.gov.
About NRG
NRG Energy is a leading energy and home services company powered
by people and our passion for a smarter, cleaner, and more
connected future. A Fortune 500 company operating in the United
States and Canada, NRG delivers innovative solutions that help
people, organizations, and businesses achieve their goals while
also advocating for competitive energy markets and customer
choice.
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version on businesswire.com: https://www.businesswire.com/news/home/20231105504922/en/
Investors: Brendan Mulhern Investor.relations@nrg.com
609.524.4767
Media: Chevalier Gray Chevalier.gray@nrg.com
832.331.8126
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