Talen Energy Corporation Announces Closing of Incremental Term Loan B Financing and Related Repurchase of Common Stock
Talen Energy Corporation (TLN)
Company Research
Source: GlobeNewswire
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has closed on its previously announced $850 million incremental Term Loan B credit facility (the “Financing”) and the repurchase (the “Repurchase”) of an equivalent value of shares of Talen’s outstanding Talen common stock, par value $0.001 per share (“Common Stock”) from affiliates of Rubric Capital Management LP (collectively, “Rubric”). The Company previously announced it would use the proceeds from the Financing to repurchase an equivalent value of shares of Common Stock held by Rubric. Upon the successful upsizing of the Financing from $600 million to $850 million, the Company determined it would use cash on hand to further increase the value of the Repurchase from $850 million to $1 billion in aggregate purchase price. Shares repurchased using the proceeds from the Financing are incremental to the Company’s previously announced share re
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News
- Talen Energy to appeal FERC's rejection of Amazon data center deal [Yahoo! Finance]Yahoo! Finance
- Talen Energy Statement on FERC Order Deferring its Request for Rehearing of Susquehanna ISAGlobeNewswire
- Talen Energy Corporation Announces Successful Completion of Refinancing TransactionsGlobeNewswire
- Talen Energy Corporation (NASDAQ: TLN) had its price target raised by analysts at Barclays PLC from $202.00 to $245.00. They now have an "overweight" rating on the stock.MarketBeat
- Talen Energy Corporation Announces Upsize of Term Loan B Financing and Related Repurchase of Common StockGlobeNewswire
TLN
Earnings
- 11/14/24 - Beat
TLN
Sec Filings
- 12/20/24 - Form 424B3
- 12/20/24 - Form 8-K
- 12/16/24 - Form 4
- TLN's page on the SEC website