---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-051218"
form_type: "8-K"
ticker: "TLN"
cik: "0001622536"
company_name: "Talen Energy Corp"
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:37:37.206294+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Talen Energy closes $850M Term Loan B to fund $1B stock buyback from Rubric

## Summary
- Borrowed $850M via incremental Term Loan B; maturity Dec 2031; interest based on Term SOFR plus margin.
- Repurchased 4,893,507 shares from Rubric Capital at $204.35/share (4% discount to 15-day VWAP).
- Total repurchase price $1B, funded by $850M loan + $150M cash; 45,961,910 shares remain outstanding.
- CEO notes >20% of outstanding stock repurchased in past year; ~75% of market cap since May 2023 exit from bankruptcy.
- Remaining share repurchase authority ~$1.08B through 2026.

## SEC filing metadata
- accession: 0001628280-24-051218
- form_type: 8-K
- ticker: TLN
- cik: 0001622536
- company_name: Talen Energy Corp
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622536/000162828024051218/0001628280-24-051218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622536/000162828024051218/tln-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-051218
- JSON: https://secwatch.observer/filing/0001628280-24-051218.json
- Plain text: https://secwatch.observer/filing/0001628280-24-051218.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.