NRG Energy, Inc., a leading US-based electricity services provider, has expanded its accounts receivable securitisation facility, increasing its borrowing capacity to up to US$2.3 billion. Effective Thursday, this expansion extends the facility's termination date to June 20, 2025, and introduces Direct Energy Services, LLC as a new originator.
The amendment, agreed upon on Thursday, raised the commitments from US$1.4 billion and extended the scheduled termination date by one year. The facility now includes an amended receivables loan and servicing agreement, as well as a receivables sale agreement.
