Talen Energy secures $600M financing boost, plans stock buyback, set to close deals by year-end.

Talen Energy, an energy company based in Houston, has announced a $600 million financing increase, raising its Term Loan B balance to $1.459 billion and replacing its Term Loan C with a letter of credit facility. The company also plans to repurchase at least $600 million worth of its common stock from Rubric Capital Management LP, contingent on the financing completion. Both deals are expected to close by the end of 2024.

4 months ago
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