Talen Energy Supply has priced a new seven-year $500 million secured term loan B facility.
The new term loan B facility priced at L+375. Talen Energy expects to use the net proceeds of the new facility, together with cash on hand and the net proceeds from the company’s previously announced $470 million senior secured notes offering, to repay in full the company’s existing term loan B-1 and term loan B-2 and to pay transaction fees and expenses.
