NRG Yield to repay cash revolver borrowings with senior note proceeds

By Tali Rackner

Norfolk, Va., Aug. 15 – NRG Yield Operating LLC, a subsidiary of NRG Yield, Inc., plans to repay all outstanding cash borrowings under its revolving credit facility with the proceeds from a new $350 million senior note offering, according to an 8-K filing with the Securities and Exchange Commission.

Remaining net proceeds will be used for general corporate purposes, including the funding of acquisitions and investments.

Based in Princeton, N.J., NRG Yield owns a portfolio of renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar and wind power generation facilities.

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