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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (23869)	6/17/2003 10:04:58 AM
From: jim_p	Respond to of 206209

Reliant Resources to Offer Senior Secured Notes and Convertible Senior Subordinated Notes Tuesday June 17, 9:53 am ET HOUSTON, June 17 /PRNewswire-FirstCall/ -- Reliant Resources, Inc. (NYSE: RRI - News) announced today that it is launching a private placement of $350 million of senior secured notes maturing in 2010 and $200 million of convertible senior subordinated notes maturing in 2010, in each case subject to market and other customary conditions. ADVERTISEMENT The company intends to use the proceeds from the offering of senior secured notes to repay indebtedness under its existing credit facility. The company intends to use the proceeds from the offering of convertible senior subordinated notes to repay indebtedness under its existing credit facility and for general corporate purposes or for the possible acquisition of Texas Genco Holdings, Inc. The notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and, in the case of the senior secured notes only, outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of any offer to buy such notes and is issued pursuant to Rule 135c under the Securities Act.