Clearway energy operating llc, a subsidiary of clearway energy, inc., announces cash tender offer and concurrent redemption notice for any and all of its outstanding 5.000% senior notes due 2026
Princeton, n.j., sept. 24, 2021 (globe newswire) -- clearway energy operating llc (“clearway operating”), a subsidiary of clearway energy, inc. (nyse: cwen, cwen.a) (“clearway energy”), announced that it has commenced a cash tender offer to purchase any and all of the $350 million outstanding aggregate principal amount of its 5.000% senior notes due 2026 (the “2026 notes”) with the net proceeds from clearway operating's concurrent offering of $350 million in aggregate principal amount of senior notes due 2032 (the “new notes”), which was also announced today by clearway operating. the tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of september 24, 2021. the tender offer will expire at 5:00 p.m., new york city time, on september 30, 2021 (as such time and date may be extended, the “expiration time”). tendered 2026 notes may be withdrawn at any time before the expiration time.
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