Talen Energy starts tender offer for 6½% notes due 2018

New York, Nov. 14 – Talen Energy Supply, LLC announced a tender offer for its $400 million of 6½% senior notes due 2018 in a news release on Tuesday.

The company is offering to pay $1,019.30 per $1,000 principal amount for the notes, a figure that includes an early tender payment of $30.00 per $1,000 that will only be paid to those who participate by 5 p.m. ET on Nov. 28.

After that time the payment will be $989.30 per $1,000 principal amount.

The tender ends at 11:59 p.m. ET on Dec. 12.

Funding for the offer will come from one or more offerings of debt securities and cash on hand.

Citigroup Global Markets Inc. (212 723-6106 or 800 558-3745) and Morgan Stanley & Co. LLC (212 761-1057 or 800 624-1808) are joint lead dealer managers.

Global Bondholder Services Corp. (866 794-2200 or contact@gbsc-usa.com) is the tender agent.

Talen Energy is a The Woodlands, Texas-based competitive power generation company.

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