Talen Energy Corporation has announced the pricing of senior notes offerings, including $1.40 billion in aggregate principal amount of 6.250% senior notes due 2034 and $1.29 billion in aggregate principal amount of 6.500% senior notes due 2036. These offerings are expected to close on October 27, 2025, and the company intends to use the net proceeds, along with the net proceeds of a new $1.2 billion senior secured term loan B credit facility, to fund the previously announced acquisitions of the Freedom Energy Center and the Guernsey Power Station.
The company has also outlined the potential obligations for redemption of the notes in the event that the acquisitions are not completed by a specified date, with different redemption amounts for each acquisition or both acquisitions.
Additionally, the press release notes that the offerings of the notes are being made only to qualified institutional buyers and non-U.S. persons, and that the notes and related guarantees have not been registered under the securities act.
Talen Energy (NASDAQ: TLN) is described as a leading independent power producer and energy infrastructure company, owning and operating approximately 10.3 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, with its generation fleet primarily located in the mid-Atlantic and Montana.
The company is also noted to be well-positioned to serve the growing digital infrastructure industry, particularly as artificial intelligence data centers increasingly demand more reliable, clean power. Talen Energy is headquartered in Houston, Texas. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $444.50. For the full picture, make sure to review Talen Energy Corp's 8-K report.
