White & Case Advises Talen Energy Supply on US$290 Million Term Loan Financing
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Global law firm White & Case LLP has advised Talen Energy Supply on a US$290 million term loan financing, which was structured as incremental term loans under Talen's existing credit facility. The term loan financing facilitated the repayment of the project financing debt of Talen's Lower Mount Bethel and Martins Creek power plants.
Talen is one of the largest competitive power generation and infrastructure companies in North America. Talen owns and/or controls approximately 12,400 megawatts of generating capacity in wholesale US power markets, principally in the Mid-Atlantic, Texas and Montana. Additionally, through its cumulus subsidiaries, Talen is developing a large-scale portfolio of renewable energy, battery storage and digital infrastructure assets across its expansive footprint.
The White & Case team was led by Capital Markets partner Andrew Weisberg and Debt Finance partner Justin Wagstaff, and included Project Development and Finance partner Nandan Nelivigi, Debt Finance associates Yehuda Rubel and Ryan Talbott, Project Development and Finance associate Adam Conwell (all in New York) and Debt Finance associate Alondra Urbina (Los Angeles). Law clerk Thomas Boulger also assisted on the matter.
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