Talen Energy to repay revolver borrowings with new note proceeds

By Sarah Lizee

Olympia, Wash., May 19 – Talen Energy Supply, LLC plans to repay all of the borrowings outstanding under its revolving credit facility using proceeds from a new offering of notes, according to a press release.

The company announced Tuesday that it plans to sell $330 million of senior secured notes due 2028.

Proceeds from the offering may also be used for general corporate purposes, including to repay additional debt.

Talen Energy is a The Woodlands, Tex.-based energy and power generation company.

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