Debt Financings for Talen Energy

Cahill represented the lead arrangers in connection with a new term B loan and a repricing of the existing term B loan of Talen Energy, one of the largest independent power producers in the United States.

The lead arrangers for the new Term Loan B facility will be Morgan Stanley, Goldman Sachs, Deutsche Bank Securities, MUFG, Credit Suisse and RBC Capital Markets.

Cahill also represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $400,000,000 aggregate principal amount of 9.5% Senior Notes due 2022 by Talen Energy. Proceeds from the new term loan and the notes offering were used to refinance existing indebtedness. Cahill also represented the dealer-mangers in the tender offer of up to a maximum aggregate principal amount of $900,000,000 of Talen Energy’s outstanding 4.625% Senior Notes due 2019.

Cahill has advised the lead arrangers with Ariel Goldman (Picture), William J. Miller, Noah B. Newitz, Sean R. Tierney, Brooke Fischer, Stephen G. Harper, Simon Heimowitz, Alex J. Kramer, Tristan Manley, Travis Scheft and Ross Sturman.

Involved fees earner: Ariel Goldman – Cahill Gordon & Reindel; William Miller – Cahill Gordon & Reindel; Noah Newitz – Cahill Gordon & Reindel; Sean Tierney – Cahill Gordon & Reindel; Brooke Fischer – Cahill Gordon & Reindel; Stephen Harper – Cahill Gordon & Reindel; Simon Heimowitz – Cahill Gordon & Reindel; Alex Kramer – Cahill Gordon & Reindel; Tristan Manley – Cahill Gordon & Reindel; Travis Scheft – Cahill Gordon & Reindel; Ross Sturman – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Credit Suisse; Deutsche Bank Securities; Goldman, Sachs & Co.; Morgan Stanley; RBC Capital Markets; Mitsubishi UFJ Financial Group;

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Author: Ambrogio Visconti