NRG Yield to fund asset acquisition via credit facility borrowings

By Tali Rackner

Norfolk, Va., Nov. 5 – NRG Yield, Inc. plans to use availability under its existing credit facility and cash on hand to fund the acquisition of various assets, according to a press release.

The company will acquire a total of five facilities, including natural gas and wind facilities, in an all-cash transaction for $480 million.

The transaction is expected to close by the end of the year.

NRG Yield is a Princeton, N.J., generator of renewable and conventional energy.

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