Talen Energy launches $1.2B term loan B, upsizes credit facilities by $200M each to fund $3.79B plant acquisitions

Talen Energy Corp

Launched $1.2B senior secured term loan B facility with delayed draw flexibility for acquisitions.
Upsized revolving credit facility by $200M to $900M and stand-alone L/C facility by $200M to $1.1B; L/C maturity extended to Dec 2027.
Proceeds to fund $1.46B acquisition of 1,045 MW Freedom Energy Center (PA) and $2.33B acquisition of 1,836 MW Guernsey Power Station (OH).
Sold 2024 zero-emission nuclear PTCs from Susquehanna plant for ~$191.2M cash, with Citi as placement agent.
Acquisitions from Caithness Energy affiliates, announced July 17, 2025; each has a 12-month outside date to Jan 17, 2027 if extended.

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