Filed pursuant to Rule No. 424(b)(3)
Registration Number 333-115148
PROSPECTUS SUPPLEMENT NO. 7
DYNEGY INC.
$225,000,000
4.75% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2023
AND SHARES OF CLASS A COMMON STOCK ISSUABLE
UPON CONVERSION OF THE DEBENTURES
DYNEGY HOLDINGS INC.
GUARANTEE OF 4.75% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2023
This prospectus supplement supplements the prospectus, dated August 2,
2004, of Dynegy Inc., relating to the sale by certain of our securityholders
(including their pledgees, donees, assignees, transferees, successors and others
who later hold any of the securityholders' interests) of, among other things, up
to $225,000,000 aggregate principal amount of our 4.75% Convertible Subordinated
Debentures due 2023 and the shares of Class A common stock issuable upon
conversion of the debentures. You should read this prospectus supplement in
conjunction with the prospectus, and this prospectus supplement is qualified by
reference to the prospectus, except to the extent that the information in this
prospectus supplement supersedes the information contained in the prospectus.
The table of selling securityholders contained in the prospectus is
hereby modified to add the following:
PRINCIPAL
AMOUNT OF
CONVERTIBLE
DEBENTURES PERCENTAGE
BENEFICIALLY CLASS A CLASS A OF CLASS A
OWNED BEFORE COMMON COMMON CLASS A COMMON
THE OFFERING STOCK OWNED STOCK COMMON STOCK STOCK OWNED
AND THAT MAY BEFORE THE THAT MAY OWNED AFTER AFTER THE
NAME OF SELLING SECURITY HOLDER BE SOLD OFFERING BE SOLD THE OFFERING OFFERING
------------------------------------------ ------------ ----------- -------- ------------ -----------
Consulting Group Capital Markets Fund $ 197,000 -- 47,804 -- --
Hotel Union & Hotel Industry of Hawaii
Pension Plan $ 110,000 -- 26,693 -- --
HFR CA Select Fund $ 717,000 -- 173,986 -- --
Institutional Benchmarks Master Fund Ltd. $1,750,000 -- 424,654 -- --
Sphinx Convertible Arb Fund SPC $ 857,000 -- 207,959 -- --
SSI Blended Market Neutral L.P. $ 274,000 -- 66,489 -- --
SSI Hedged Convertible Market Neutral L.P. $ 718,000 -- 174,230 -- --
The City of Southfield Fire & Police
Retirement System $ 38,000 -- 9,221 -- --
The Estate of James Campbell CH $ 85,000 -- 20,626 -- --
The Estate of James Campbell ESTZ $ 148,000 -- 35,914 -- --
Viacom Inc. Pension Plan Master Trust $ 24,000 -- 5,824 -- --
Zazove Convertible Arbitrage Fund, L.P. $6,400,000 -- 1,553,021 -- --
Zazove Hedged Convertible Fund, L.P. $3,200,000 -- 776,510 -- --
Zurich Institutional Benchmarks
Master Fund Ltd. $1,591,000 -- 386,071 -- --
INVESTING IN THE DEBENTURES OR SHARES OF CLASS A COMMON STOCK INVOLVES
RISKS THAT ARE DESCRIBED IN THE "RISK FACTORS" SECTION BEGINNING ON PAGE 9 OF
THE PROSPECTUS.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
The date of this prospectus supplement is June 21, 2005.