debt
confidence high
sentiment neutral
materiality 0.50
Talen Energy Supply amends $1.2B 8.625% notes indenture; waives some redemption rights
Talen Energy Corp
- Received requisite consents to amend indenture for $1.2B aggregate principal amount of 8.625% Senior Secured Notes due 2030.
- Amendments modify certain covenants to conform with corresponding provisions in the company's credit agreement.
- Waived issuer's right to optionally redeem up to 10% of Notes before June 1, 2025 at 103% of principal.
- Fourth supplemental indenture executed Jan 13, 2025; consent fee to be paid on Jan 14, 2025.
- RBC Capital Markets acted as lead solicitation agent; Citigroup as solicitation agent.