Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the launch of an anticipated repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans"). The Repricing is intended to reduce the interest rate on the Term Loans, and in connection therewith Talen will seek certain waivers and amendments to the terms of its credit facilities. Talen will host a lender call related to the Repricing on April 24, 2024, and has provided certain additional disclosure on its OTC webpage available here.
There can be no assurance that the Repricing will occur, or, if it does, as to the terms of the Repricing. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Talen retained White & Case LLP as its counsel for the Repricing.
