Global law firm White & Case LLP has advised Talen Energy Supply, the wholly owned subsidiary of Talen Energy Corporation, on an upsized, first-lien revolving credit facility in the aggregate amount of US$848 million.
The facility, which matures in September 2024, will primarily be used to fund elevated commodity working capital requirements during the winter period, repay US$238 million of borrowings under Talen Energy Supply’s revolving credit facility, fund up to US$200 million for working capital and other general corporate purposes, and to pay transaction fees and expenses related to the facility.
The White & Case team was led by partners Andrew Weisberg, Gary Kashar, Joseph Brazil and Robert Bennett, and included associates Yehuda Rubel, Ben Ludewig, Ryan Talbott, Ryan Powers and Viktor Braun (all in New York).
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