debt
confidence high
sentiment neutral
materiality 0.50
Talen Energy Supply solicits consents to amend $1.2B 8.625% Senior Secured Notes due 2030
Talen Energy Corp
- Consent solicitation seeks to align indenture covenants with amended credit agreement from Dec 2024.
- Also waives right to optionally redeem up to 10% of Notes before June 1, 2025 at 103% price.
- Consent payment: $6.25 per $1,000 principal; expiration Jan 13, 2025 at 5pm NY time.
- Requisite consents: majority of outstanding Notes (excluding affiliates) needed.
- RBC Capital Markets leads solicitation; D.F. King is information agent.