Le Lézard
Classified in: Oil industry
Subject: OFR

Talen Energy Supply, LLC Announces $100 Million Offering of Senior Notes


THE WOODLANDS, Texas, Nov. 20, 2017 /PRNewswire/ -- Talen Energy Supply, LLC (the "Company" or "Talen Energy Supply") announced today that it intends to offer, subject to market and other conditions, up to $100 million aggregate principal amount of its senior unsecured guaranteed notes due 2026 (the "Notes") in a private offering. The Notes will be issued as additional notes under the same indenture as the Company's 10.500% Senior Notes due 2026 that were offered on November 14, 2017 and which are expected to be issued on November 29, 2017 and will form a single series with, have the same terms as, and trade interchangeably with, such previously offered notes. The Notes will be guaranteed by certain of Talen Energy Supply's subsidiaries that guarantee its existing indebtedness. Talen Energy Supply intends to use the net proceeds from the offering, together with cash on hand, to refinance, repurchase and/or repay certain of Talen Energy Supply's existing indebtedness, including in connection with the tender offer for its 4.625% Senior Notes due 2019 announced today, and to pay transaction fees and expenses.

Talen Energy Logo (PRNewsfoto/Susquehanna Nuclear LLC)

The Notes will be offered only to qualified institutional buyers as defined under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, the Notes, nor shall there be any sale of the Notes in any jurisdiction or under any circumstances in which such offers, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Talen Energy Supply

Talen Energy Supply is one of the largest competitive energy and power generation companies in North America. The Company owns or controls 16,000 megawatts of generating capacity in well-developed, structured wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. For more information, visit www.talenenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These risks include, but are not limited to, the Company's ability to consummate the offering of Notes on the terms described or at all. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and the Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.

Investor Contact

Russell Clelland
Treasurer
610-601-0130
[email protected]
www.talenenergy.com

SOURCE Talen Energy Supply, LLC


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