Long-term debt and capital leases |
Long-term debt and capital leases consisted of the following: | | | | | | | | | | | (In millions, except rates) | March 31, 2018 | | December 31, 2017 | | March 31, 2018 interest rate % (a) | | | | Recourse debt: | | | | | | Senior notes, due 2022 | 992 |
| | 992 |
| | 6.250 | Senior notes, due 2024 | 733 |
| | 733 |
| | 6.250 | Senior notes, due 2026 | 1,000 |
| | 1,000 |
| | 7.250 | Senior notes, due 2027 | 1,250 |
| | 1,250 |
| | 6.625 | Senior notes, due 2028 | 870 |
| | 870 |
| | 5.750 | Term loan facility, due 2023 | 1,867 |
| | 1,872 |
| | L+1.75 | Tax-exempt bonds | 465 |
| | 465 |
| | 4.125 - 6.00 | Subtotal recourse debt | 7,177 |
| | 7,182 |
| |
| Non-recourse debt: | | | | | | NRG Yield, Inc. Convertible Senior Notes, due 2019 | 345 |
| | 345 |
| | 3.500 | NRG Yield, Inc. Convertible Senior Notes, due 2020 | 288 |
| | 288 |
| | 3.250 | NRG Yield Operating LLC Senior Notes, due 2024 | 500 |
| | 500 |
| | 5.375 | NRG Yield Operating LLC Senior Notes, due 2026 | 350 |
| | 350 |
| | 5.000 | NRG Yield LLC and NRG Yield Operating LLC Revolving Credit Facility, due 2023(b) | 75 |
| | 55 |
| | L+2.500 | El Segundo Energy Center, due 2023 | 369 |
| | 400 |
| | L+1.75 - L+2.375 | Marsh Landing, due 2023 | 309 |
| | 318 |
| | L+2.125 | Alta Wind I - V lease financing arrangements, due 2034 and 2035 | 926 |
| | 926 |
| | 5.696 - 7.015 | Walnut Creek, term loans due 2023 | 259 |
| | 267 |
| | L+1.625 | Utah Portfolio, due 2022 | 278 |
| | 278 |
| | various | Tapestry, due 2021 | 158 |
| | 162 |
| | L+1.625 | CVSR, due 2037 | 731 |
| | 746 |
| | 2.339 - 3.775 | CVSR HoldCo, due 2037 | 188 |
| | 194 |
| | 4.680 | Alpine, due 2022 | 135 |
| | 135 |
| | L+1.750 | Energy Center Minneapolis, due 2025 | 83 |
| | 83 |
| | 5.95 | Energy Center Minneapolis, due 2031 | 125 |
| | 125 |
| | 3.55 | Viento, due 2023 | 163 |
| | 163 |
| | L+3.00 | Buckthorn Solar, due 2018 and 2025 | 183 |
| | 169 |
| | L+1.750 | NRG Yield - other | 573 |
| | 579 |
| | various | Subtotal NRG Yield debt (non-recourse to NRG) (c) | 6,038 |
| | 6,083 |
| | | Ivanpah, due 2033 and 2038 | 1,068 |
| | 1,073 |
| | 2.285 - 4.256 | Carlsbad Energy Project (c) | 475 |
| | 427 |
| | L+1.625 - 4.120 | Agua Caliente, due 2037 | 815 |
| | 818 |
| | 2.395 - 3.633 | Agua Caliente Borrower 1, due 2038 | 86 |
| | 89 |
| | 5.430 | Cedro Hill, due 2025 (c) | 149 |
| | 151 |
| | L+1.75 | Midwest Generation, due 2019 | 132 |
| | 152 |
| | 4.390 | NRG Other Renewables (c) | 466 |
| | 478 |
| | various | NRG Other | 178 |
| | 180 |
| | various | Subtotal other NRG non-recourse debt | 3,369 |
| | 3,368 |
| | | Subtotal all non-recourse debt | 9,407 |
| | 9,451 |
| | | Subtotal long-term debt (including current maturities) | 16,584 |
|
| 16,633 |
| | | Capital leases | 4 |
| | 5 |
| | various | Subtotal long-term debt and capital leases (including current maturities) | 16,588 |
|
| 16,638 |
| | | Less current maturities(d) | (956 | ) |
| (688 | ) | | | Less debt issuance costs | (201 | ) | | (204 | ) | | | Discounts | (25 | ) | | (30 | ) | | | Total long-term debt and capital leases | $ | 15,406 |
|
| $ | 15,716 |
| | |
(a) As of March 31, 2018, L+ equals 3 month LIBOR plus x%, except for the Buckthorn Solar and Utah Solar Portfolio where L+ equals 1 month LIBOR plus x%. (b) Applicable rate is determined by the Borrower Leverage Ratio, as defined in the credit agreement. (c) Debt associated with the asset sales announced in February 2018 (d) The NRG Yield, Inc. Convertible Senior Notes, due 2019, become due in February 2019 and are recorded in current maturities as of March 31, 2018.
|