Talen Energy intends to syndicate a new $400 million secured term loan B facility and to reprice its existing $600 million term loan B facility.

Talen Energy expects to use the proceeds of the new $400 million term loan B facility, together with the proceeds from a new senior guaranteed notes offering, to refinance, repurchase and/or repay certain of Talen Energy’s existing indebtedness.

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. Talen Energy expects the new term loan B facility to contain terms and conditions consistent with its existing revolving credit facility.

There can be no assurance that the syndication of the new facility or the repricing of the existing facility will be completed on terms satisfactory to Talen Energy or at all.

Allentown, PA-based Talen Energy is an energy and power generation company that produces and sells electricity, capacity and ancillary services from its fleet of power plants.