Cahill Represents Initial Purchasers in $750 Million Notes Offering for Talen Energy Supply, LLC
Date: 05/21/19
Cahill represented the initial purchasers in connection with a Rule 144A offering of $750,000,000 aggregate principal amount of 7.25% senior secured notes due 2027 by Talen Energy Supply, LLC. Cahill also represented the dealer manager in connection with a tender offer for the 4.600% Senior Notes due 2021, 9.500% Senior Notes due 2022 and 6.500% Senior Guaranteed Notes due 2024 by Talen Energy Supply, LLC. Proceeds from the offering were used to repurchase the notes that were validly tendered, to refinance other existing indebtedness and for general corporate purposes.