
White & Case advises Talen Energy Supply on US$1.6 billion credit facility transactions
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Global law firm White & Case LLP has advised Talen Energy Supply (NASDAQ: TLN) on its US$1.6 billion credit facility transactions, consisting of US$1.2 billion of incremental term loans, US$200 million of additional revolving credit facility commitments and US$200 million of additional letter-of-credit facility commitments.
The closing of the credit facility transactions is conditioned upon the closing of Talen's previously announced acquisitions of the Freedom Energy Center and the Guernsey Power Station, and the term loan proceeds will be used to fund a portion of the acquisitions.
Talen Energy is a leading independent power producer and energy infrastructure company dedicated to powering the future. Talen owns and operates approximately 10.3 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet.
The White & Case team was led by partners Yehuda Rubel, Justin Wagstaff and Andrew Weisberg, and included associates Ryan Talbott, Thomas Boulger (all in New York) and Kennedy Plott (Chicago).
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