Dynegy Inc. is launching an offering of $500 million in aggregate principal amount of senior notes
OREANDA-NEWS. Dynegy Inc. (NYSE:DYN) is launching an offering of $500 million in aggregate principal amount of senior notes due 2025 in a private placement. Dynegy intends to use the proceeds of the offering, together with the proceeds from the previously announced sale of Elwood Energy LLC and related entities and cash-on-hand, to fund (i) the buyout price owed to Energy Capital Partners III, LLC (ECP) in connection with Dynegy’s buyout of ECP’s interest in the joint venture created to consummate the previously announced acquisition of ownership interests in certain North American power generation assets from International Power, S.A., an indirect subsidiary of ENGIE S.A. and (ii) a partial repayment of the outstanding obligations under Dynegy’s term loans and to pay related fees and expenses.
The Notes will not be registered under the Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.
The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
ABOUT DYNEGY
At Dynegy, we generate more than just power for our customers. We are committed to being a leader in the electricity sector. Throughout the Midwest and Northeast, Dynegy operates power generating facilities capable of producing nearly 26,000 megawatts of electricity—or enough energy to power about 21 million American homes. We’re proud of what we do, but it’s about much more than just output. We’re always striving to generate power safely and responsibly for our wholesale and retail electricity customers who depend on that energy to grow and thrive.
Комментарии