Talen Energy Corporation Announces Launch of $600 Million Term Loan B Financing and Repurchase of Common Stock
Talen Energy Corporation(TLN) GlobeNewswire News Room·2024-12-05 20:00
HOUSTON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has launched an incremental Term Loan B credit facility (the “Financing”) that will increase the principal Term Loan B balance under its credit facilities from $859 million to approximately $1.459 billion. The Company also expects to replace its existing Term Loan C facility with a new letter of credit facility. The Company has concurrently executed an agreement to re ...