Talen Energy Supply, LLC Announces Closing of Senior Secured Notes Offering and Term Loan Facility

THE WOODLANDS, Texas, July 8, 2019 /PRNewswire/ -- Talen Energy Supply, LLC (the "Company" or "Talen Energy Supply") today announced the closing of its previously disclosed offering of $470 million in aggregate principal amount of 6.625% Senior Secured Notes due 2028 (the "Notes"). The net proceeds from the notes offering, together with cash on hand and proceeds from a new seven-year $500 million Term Loan B facility that closed concurrently with the closing of the Notes, were used to repay in full the Company's existing Term Loan B-1 and Term Loan B-2 and to pay transaction fees and expenses.

Talen Energy Logo (PRNewsfoto/Susquehanna Nuclear LLC)

The Notes will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration requirements.

This announcement is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and the Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.

About Talen Energy Supply

Talen Energy Supply is one of the largest competitive energy and power generation companies in North America. The Company owns or controls approximately 15,000 megawatts of generating capacity in well-developed, structured wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States.

Investor Contacts

Stacey Peterson
Senior Vice President, Treasurer, and Head of Investor Relations

Ryan Koren
Senior Manager, Investor Relations and FP&A

Media Contact

Taryne Williams
Media & Community Relations Manager


SOURCE Talen Energy Supply, LLC