PRINCETON, N.J.--(BUSINESS WIRE)--NRG Yield Operating LLC, a subsidiary of NRG Yield, Inc. (NYSE: NYLD, NYLD.A) , has priced its previously announced offering of $350.0 million in aggregate principal amount of senior 5.000% notes due 2026 (the “Notes”). The Notes will be senior unsecured obligations of Yield Operating and will be guaranteed by NRG Yield LLC, Yield Operating’s parent company, and by each of Yield Operating’s wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.

The Notes will mature on September 15, 2026. The offering is expected to close on August 18, 2016, subject to customary conditions.

Yield Operating intends to use the proceeds of the offering to repay all outstanding borrowings under its revolving credit facility, and the remaining net proceeds will be used for general corporate purposes, including the funding of acquisitions and investments.

About NRG Yield

NRG Yield owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar and wind power generation facilities that have the capacity to support more than two million American homes and businesses. Our thermal infrastructure assets provide steam, hot and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations. NRG Yield’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols NYLD and NYLD.A, respectively.