Global law firm White & Case LLP has advised Talen Energy Supply on the successful remarketing of US$131 million aggregate principal amount of Pennsylvania Economic Development Finance Authority (PEDFA) Exempt Facilities Revenue Refunding Bonds. In connection with the remarketing, the letters of credit that had previously backstopped the bonds will be terminated, providing Talen with increased capacity on its Term Loan C facility.
Talen owns and operates approximately 10.7 gigawatts of power infrastructure in the United States, producing and selling electricity, capacity and ancillary services into wholesale US power markets, including PJM and WECC, with a generation fleet principally located in the Mid-Atlantic and Montana, and headquarters in Houston, Texas.
The White & Case team was led by Capital Markets partner Andrew Weisberg, and included counsel Abigail Simon, and associates Brian Munsie, Adrian Ling and Kevin Garcia (all in New York).
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