Deal Note: Crowell & Moring Client, NRG Yield, Inc. Announces Acquisition of Second Set of Assets from NRG Energy, Inc.
Washington, D.C. – November 4, 2014: Crowell & Moring, LLP represented client NRG Yield, Inc. in the negotiation of a definitive agreement to acquire the following assets from NRG Energy: Walnut Creek, Tapestry and Laredo Ridge for $480 million in total cash consideration, plus assumed project debt of $746 million excluding adjustments for working capital at close. The sale is subject to certain third party approvals and is expected to close this quarter. These assets will augment NRG Yield's portfolio with an additional 211 MW of wind generation and 500 MW of natural gas generation.
Contact(s):
Christine Elfmann
PR & Internal Communications Sr. Specialist
+1 202.508.8848
Email: celfmann@crowell.com