NRG Seeks $3.9 Billion of Loans to Refinance Debt, Loosen Terms
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NRG Energy Inc., the largest U.S. independent power producer, is seeking $3.9 billion of loans to refinance debt and loosen financing terms.
The company plans to issue a $1.6 billion term loan due in seven years and a $2.3 billion revolving credit line, Chief Financial Officer Christian Schade said today during a conference call with analysts and investors to discuss first-quarter earnings.