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Talen Energy announced a successful repricing of its Term Loan B and Term Loan C credit facilities, resulting in a reduction of the interest rate margin by 100 basis points and expected annual interest expense savings of approximately $13 million. The company also obtained amendments to increase its capacity for dispositions, restricted payments, and investments. This positive transaction reflects Talen's strong balance sheet and capital allocation flexibility.
CPS Energy has closed the acquisition of Talen Energy's 1,710 MW generation portfolio in Texas for $785 million, strengthening its generation plan for the greater San Antonio community. The acquisition includes natural gas plants in Corpus Christi and Laredo, aligning with CPS Energy's shift towards more efficient gas generation, solar, wind, and energy storage.
Talen Energy has updated the timing for the proposed public uplisting of its common stock, awaiting SEC completion of the review of the Registration Statement after reporting financial and operational results.
Talen Energy (OTCQX: TLNE) announced a plan to enable restricted shares of common stock to trade on the OTCQX. The exchange of restricted shares for unrestricted shares will increase liquidity for shareholders, allowing trading without restriction.
