Fitch Assigns Initial 'B' IDR to GenOn Escrow Corp; Outlook Stable.
Business Wire › September 22, 2010
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Fitch Assigns Initial 'B' IDR to GenOn Escrow Corp; Outlook Stable.
NEW YORK -- Fitch Ratings has assigned an initial 'B' Issuer Default Rating (IDR) to GenOn Escrow Corp. (GenOn Escrow).
Fitch has also assigned ratings to GenOn Escrow's proposed offering as follows:--$550 million 9.875% senior unsecured notes due 2020 'BB-/RR1';--$675 million 9.5% senior unsecured notes due 2018 'BB-/RR1'.The Rating Outlook is Stable.The notes, as well as the term and revolving credit facilities described below, are being issued as part of a financing plan associated with the pla...See the full content of this document
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