10:41 AM EDT, 04/03/2024 (MT Newswires) -- NRG Energy ( NRG ) said Wednesday it has agreed to repurchase roughly $251 million total principal amount of its current 2.75% convertible senior notes due 2048 under separate, privately negotiated deals with certain holders.

The company intends to close the notes repurchases around April 18, NRG said.

Upon closing, roughly $232 million total principal amount of convertible notes will remain outstanding, the company said.

Shares of NRG Energy ( NRG ) were up 4% in recent Wednesday trading.

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