Talen Energy starts roadshow for $500 million five-year notes offer, eyes debt refinancing

By Paul A. Harris

Portland, Ore., March 30 – Talen Energy Supply, LLC plans to kick off is $500 million offering of five-year senior guaranteed notes on an investor conference call scheduled to get underway at 4:30 p.m. ET on Thursday, according to an informed source.

The Rule 144A for life deal will be marketed on a roadshow on Friday in New York and on Monday in Boston.

Morgan Stanley & Co. LLC is a joint bookrunner, with other joint bookrunners and co-managers to be announced later.

The notes come with three years of call protection.

The Allentown, Pa.-based energy and power generation company plans to use the proceeds to refinance debt.

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