Dynegy $850 million 8.125% notes issue

Overview:

• Dynegy has issued $850 million 8.125% senior notes.
• The notes are due 2026.
• Dynegy is a Houston-based electric company.
• The proceeds will be used for a number of things, such as paying any offer considerations and repaying Dynegy’s senior term loan.
• Any leftover capital will be used for general corporate purposes.
• Goldman Sachs led the initial purchasers. 

 Dylan Seligman - Researcher