White & Case advises Talen Energy on US$4 billion of senior notes transactions
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Global law firm White & Case LLP has advised Talen Energy Supply (NASDAQ: TLN) on its issuance of U$1.50 billion in aggregate principal amount of 6.125% senior notes due 2031 and US$2.5 billion in aggregate principal amount of 6.375% senior notes due 2033. The issuances are expected to close on April 29, 2026, subject to customary closing conditions.
The proceeds of the notes issuances will be used to fund Talen Energy's previously announced acquisitions of 2,451 megawatts of capacity consisting of the Lawrenceburg Power Plant, the Waterford Energy Center and the Darby Generation Station, and the redemption in full of Talen Energy's outstanding 8.625% senior secured notes due 2030.
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 Andrew Weisberg and Gary Kashar, and included associates Brian Munsie, Ryan Sharpstene and Natasha Dusaj (all in New York).
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