White & Case advises Talen Energy Supply on US$3.3 billion financing transactions

Global law firm White & Case LLP has advised Talen Energy Supply on a series of financing transactions, for an aggregate of US$3.3 billion, comprising a new US$850 million term loan financing; the repricing of US$860 million of existing term loans; the repricing and maturity extension of a US$700 million revolving credit facility; and a new US$900 million letter-of-credit facility.

"Our Firm has advised Talen on yet another major financing," said White & Case partner Andrew Weisberg, who co-led the Firm's deal team. "The successful result of this transaction showcases our first-rate power generation finance capabilities, and we were thrilled to once again leverage our market-leading resources to bring to bear an excellent result for the Talen team."

Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. Talen owns and operates approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. Talen produces and sells electricity, capacity, and ancillary services into wholesale US power markets, with its generation fleet principally located in the Mid-Atlantic and Montana.

The White & Case team was led by Capital Markets partner Andrew Weisberg and Debt Finance partners Yehuda Rubel and Justin Wagstaff, and included Debt Finance associates Ryan Talbott and Thomas Boulger (all in New York) and Kennedy Plott (in Chicago).

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