Talen Energy Supply Upsizes And Closes $848 Million First-Lien Financing; Transaction Provides Incremental Liquidity And Advances Energy Transition Strategy

Dec 15, 2021•almost 4 years ago

Amount Raised

$848 Million

Description

Talen Energy Corporation ("TEC" or "Talen") today announced that its wholly-owned subsidiary Talen Energy Supply LLC ("TES") has upsized and closed on the previously announced first-lien revolving credit facility commitment led by GoldenTree Asset Management LP and Silver Point Finance, LLC in the aggregate amount of $848 million.

Company Information

Company

Talen Energy Corporation

About

About Talen Energy CorporationTalen, through its subsidiary, TES, is one of the largest competitive power generation and infrastructure companies in North America. TES owns and/or controls approximately 13,000 megawatts of generating capacity in wholesale U.S. power markets, principally in the Mid-Atlantic, Texas and Montana. Through its subsidiary, Cumulus Growth, Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint. For more information, visit https://www.talenenergy.com/esg-focused-future/

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Talen Energy Supply Upsizes And Closes $848 Million First-Lien Financing; Transaction Provides Incremental Liquidity And Advances Energy Transition Strategy

Description

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Company Information