White & Case advises Talen Energy Supply on US$1.68 billion of credit facility transactions

Global law firm White & Case LLP has advised Talen Energy Supply (NASDAQ: TLN) on the repricing of its existing US$846 million senior secured term loan B facility and the maturity extension of such facility from May 2030 to November 2032, and the repricing of its existing US$839 million senior secured term loan B facility due December 2031.

The transactions, together with the recent redemption of its 8.625% senior secured notes due 2030, are expected to result in annual interest savings to Talen of approximately US$47 million.

Talen Energy is a leading independent power producer and energy infrastructure company dedicated to powering the future. Talen owns and operates approximately 13.1 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), Kennedy Plott (Chicago) and Ian Malesiewski (Miami).

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