Talen Energy Corporation Announces Successful Completion of Refinancing Transactions
Talen Energy Corporation (TLN)
Company Research
Source: GlobeNewswire
HOUSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has closed on several financing transactions (the “Transactions”) that improve the Company’s debt structure and financing cost. The Transactions include: (i) repricing the Company’s existing $700 million revolving credit facility (the “Revolver”) to reduce the current interest rate margin by 100 basis points (to SOFR plus 200 basis points, with further leverage-based step downs available), extending the maturity of the Revolver from May 2028 to December 2029, and increasing available letter of credit (“LC”) capacity under the Revolver from $475 million to $700 million; (ii) repricing its existing $859 million in Term B loans (the “Existing TLB”) to reduce the current interest rate margin by 100 basis points (to SOFR plus 250 basis points, with further leverage-based step downs available) to align pricing with its recently issued $850 million i
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- 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 Closing of Incremental Term Loan B Financing and Related Repurchase of Common StockGlobeNewswire
- 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