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Legal News

Cahill Represents Lead Banks in Debt Financings for Talen Energy

Date: 04/13/17

Cahill represented the lead arrangers in connection with a new term B loan and a repricing of the existing term B loan of Talen Energy, one of the largest independent power producers in the United States. Cahill also represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $400,000,000 aggregate principal amount of 9.5% Senior Notes due 2022 by Talen Energy. Proceeds from the new term loan and the notes offering were used to refinance existing indebtedness. Cahill also represented the dealer-mangers in the tender offer of up to a maximum aggregate principal amount of $900,000,000 of Talen Energy’s outstanding 4.625% Senior Notes due 2019.