White & Case advises Talen Energy Supply on US$2.69 billion senior notes transactions
1 min read
Global law firm White & Case LLP has advised Talen Energy Supply (NASDAQ: TLN) on its issuance of US$1.40 billion in aggregate principal amount of 6.25% senior notes due 2034 and US$1.29 billion in aggregate principal amount of 6.5% senior notes due 2036.
The proceeds of the notes offerings, together with the proceeds of US$1.2 billion of incremental term loans on which White & Case advised Talen Energy, will be used to fund Talen Energy's previously announced acquisitions of the Freedom Energy Center and the Guernsey Power Station.
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 Andrew Weisberg and Gary Kashar and included associates Elizabeth Mapelli, Natasha Dusaj (all in New York) and Steven Amrein (Houston). Law clerk Ryan Sharpstene (New York) also assisted on the matter.
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