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Talen Energy Corporation Announces Closing of Incremental Term Loan B Financing and Related Repurchase of Common Stock
TLNTalen Energy Corporation(TLN) GlobeNewswire·2024-12-13 21:05

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 850millionincrementalTermLoanBcreditfacility(the“Financing”)andtherepurchase(the“Repurchase”)ofanequivalentvalueofsharesofTalen’soutstandingTalencommonstock,parvalue850 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 annou ...