Clearway Energy Operating LLC Prices Upsized Offering of $600 Million Senior Notes
PRINCETON, N.J., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A), has priced an upsized offering of $600 million in senior notes. These 5.750% senior notes, set to mature on January 15, 2034, are being offered at a purchase price of 100% of their face value, showing a strategic increase from the previously announced $500 million offering.
Details of the Senior Notes Offering
The newly issued notes will be characterized as senior unsecured obligations of Clearway Operating and will receive guarantees from its parent company, Clearway Energy LLC, along with all wholly owned current and future subsidiaries that endorse indebtedness under its credit agreements. The transaction is expected to close on January 13, 2026, pending standard closing conditions.
Intended Use of Proceeds from the Offering
Clearway Operating plans to allocate the net proceeds from this offering to several strategic financial initiatives, including:
- Repaying existing borrowings under its revolving credit facility.
- Financing or refinancing certain debts either partially or fully.
- Acquiring assets aligned with renewable energy generation and storage criteria.
Regulatory Compliance and Offering Structure
The New Notes and accompanying guarantees are being offered solely to qualified institutional buyers in accordance with Rule 144A of the Securities Act of 1933. Additionally, sales outside the U.S. will comply with Regulation S of the Securities Act. These securities are unregistered and cannot be offered or sold within the United States without proper registration or an exemption.
About Clearway Energy, Inc.
Clearway Energy, Inc. stands as one of the leading owners of clean energy generation assets in the United States. With a gross capacity of approximately 12.7 GW across 27 states, including 9.9 GW from wind, solar, and energy storage, the company is pivotal in promoting a sustainable energy future. Clearway Energy, Inc.’s common stock is publicly traded on the NYSE under the symbols CWEN and CWEN.A, demonstrating its commitment to providing investors with stable and growing dividend income.
Forward-Looking Statements
This release includes forward-looking statements as defined by Sections 27A of the Securities Act and 21E of the Securities Exchange Act of 1934. Such statements entail risks and uncertainties. Clearway Energy does not guarantee that expectations will materialize and companies should refer to SEC filings for a detailed outline of risks that could affect future results.
Contact Information
For investors, please contact Akil Marsh at investor.relations@clearwayenergy.com or call 609-608-1500. For media inquiries, contact Zadie Oleksiw at media@clearwayenergy.com or call 202-836-5754.