NRG Yield launches 10.5M-share offering

|About: NRG Yield, Inc. (NYLD)|By:, SA News Editor

NRG Yield (NYSE:NYLD) -1% AH after announcing a public offering of 10.5M common shares, with the underwriters having the option to purchase up to an additional 1.575M shares.

NYLD says it plans to use the proceeds, together with cash on hand and the proceeds from newly issued debt securities, to fund the previously announced acquisition of the Alta Wind facility.