NRG Energy Inc. (NYSE: NRG) announced the pricing of concurrent debt offerings totaling $2.6 billion in aggregate principal amount, according to a company statement.

The Houston-based energy company priced $500 million of 4.955% senior secured first lien notes due 2031, $1.05 billion of 5.875% senior unsecured notes due 2034, and $1.05 billion of 6.125% senior unsecured notes due 2036.

The notes will be guaranteed by NRG's current and future wholly-owned U.S. subsidiaries that guarantee term loans under the company's credit agreement. The secured notes will be backed by collateral consisting of a substantial portion of property and assets owned by NRG and its guarantors.

NRG plans to use proceeds from the offerings, along with proceeds from a proposed $900 million new term loan B, to repay outstanding borrowings under its revolving credit facility and fund a tender offer for Lightning Power LLC's 7.250% senior secured notes due 2032. Additional funds will cover transaction fees and expenses, with any remainder allocated for general corporate purposes.

The completion of each offering is not conditional upon the others or upon the tender offer completion. The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.

NRG provides electricity, natural gas, and smart home solutions to eight million customers across North America and operates approximately 25 GW of power generation capacity.