$TLN (Talen Energy Corporation)

$TLN {{ '2015-12-22T21:46:30+0000' | timeago}} • Announcement

Talen Energy Supply, part of $TLN, said that it is commencing an exchange offer for its outstanding $600MM aggregate principal amount of 6.5% Senior Notes due 2025 that were issued on May 19, 2015, upon the terms and conditions set forth in a prospectus, dated Dec. 22, 2015, and in the accompanying letter of transmittal relating to exchange offer.

$TLN {{ '2018-01-16T14:56:35+0000' | timeago}} • Announcement

$TLN announced the appointment of Yvonne L. Fletcher as Managing Director - Finance and Head of Investor Relations. Ms. Fletcher joins $TLN from Fidelity Investments, and will report to Mr. Alex Hernandez, CFO.

$TLN {{ '2017-11-14T14:40:08+0000' | timeago}} • Announcement

$TLN intends to offer up to $400MM aggregate principal amount of its senior unsecured guaranteed notes due 2026 in a private offering. Talen will use the net proceeds to refinance, repurchase and repay certain of its existing debts, including in connection with the tender offer for its 6.5% senior notes due 2018, and to pay transaction fees.

$TLN {{ '2017-03-30T16:28:28+0000' | timeago}} • Announcement

Talen Energy Supply, an indirect subsidiary of $TLN, plans to offer up to $500MM of its senior unsecured guaranteed notes due 2022 in a private offering. The notes will be guaranteed by certain of Talen Energy Supply's subsidiaries that guarantee its existing debt.

$TLN {{ '2017-03-30T13:25:22+0000' | timeago}} • Announcement

$TLN intends to syndicate a new $400MM secured term loan B facility and to reprice its existing $600MM term loan B facility. Talen expects to use the proceeds of the new term loan facility, together with proceeds from a new senior guaranteed notes offering, to refinance, repurchase or repay certain existing indebtedness and expenses.

$TLN {{ '2017-03-27T19:45:11+0000' | timeago}} • Announcement

$TLN is exploring a sale of its Talen Energy Services business line. The strategic alternatives and sale process is consistent with $TLN’s strategy to divest non-core assets and focus on cash flow generation from its core power generation business. Talen Energy Services generated EBITDA of about $22MM for the fiscal year ended Dec. 31, 2016.

$TLN {{ '2016-12-06T16:34:47+0000' | timeago}} • Announcement

$TLN reported completion of its merger with an affiliate of Riverstone Holdings. $TLN's common stock ceased trading on the NYSE before commencement of trading on Dec. 6 and will be delisted from the NYSE.

$TLN {{ '2016-12-01T13:00:46+0000' | timeago}} • Announcement

$TLN reported that U.S. Nuclear Regulatory Commission's approval will enable the affiliates of Riverstone Holdings, LLC to acquire $TLN pursuant to the merger agreement announced on June 3, 2016. The deal is expected to close within the next 10 business days, subject to satisfaction of customary closing conditions.

$TLN {{ '2016-12-01T12:57:11+0000' | timeago}} • Announcement

$TLN reported that U.S. Nuclear Regulatory Commission approved a request from Susquehanna Nuclear, a subsidiary of $TLN. The approval allows the company to do an indirect transfer of control of the operating licenses for both units at the Susquehanna nuclear power plant.

$TLN {{ '2016-11-10T12:04:14+0000' | timeago}} • Announcement

$TLN narrowed 2016 adjusted EBITDA guidance to $705-805MM from $655-855MM, while lifting its adjusted free cash flow outlook to $500-600MM from $260-460MM. The primary drivers of the increase in Adjusted Free Cash Flow guidance include lower expected tax payments, updated working capital assumptions and lower capital expenditures.

$TLN {{ '2016-11-10T11:58:14+0000' | timeago}} • Announcement

Power generation company $TLN swung to a 3Q16 profit from a loss last year, driven by a decline in non-cash goodwill and other asset impairment charges as well as lower expenses. Net income was $88MM or $0.68 per share compared to a loss of $401MM or $3.12 per share last year. Revenue fell to $1.24Bil from $1.32Bil.

$TLN {{ '2016-10-20T11:01:35+0000' | timeago}} • Announcement

$TLN said an application to approve the transaction is pending before the Nuclear Regulatory Commission (NRC). The transaction remains on schedule to close by the end of 2016, subject to receipt of NRC approval and satisfaction of other customary closing conditions.

$TLN {{ '2016-10-20T11:00:30+0000' | timeago}} • Announcement

The Federal Energy Regulatory Commission (FERC) approved the proposed merger of $TLN with an affiliate of Riverstone Holdings LLC, a private investment firm. FERC concluded that the merger would not have a detrimental effect on competitive wholesale power markets. The merger agreement was announced on June 3, 2016.

$TLN {{ '2016-10-06T20:55:21+0000' | timeago}} • Announcement

$TLN stockholders approved the acquisition of the company by Riverstone Holdings LLC for cash consideration of $14 per share of $TLN common stock. Earlier in June 2016, the merger agreement was signed by both the companies. The deal is expected to close by the end of 2016.

$TLN {{ '2016-08-31T14:42:29+0000' | timeago}} • Announcement

$TLN said it has sent a written request to the U.S. Nuclear Regulatory Commission (NRC) withdrawing its license application for the proposed Bell Bend nuclear power plant project in Luzerne County, Pa. Licensing and permitting activities related to Bell Bend had previously been suspended, although license application remained on file with NRC.

$TLN {{ '2016-06-03T11:48:55+0000' | timeago}} • Announcement

$TLN said the purchase price represents a 56% premium to the closing price of $9 per share on March 31, 2016, the last trading day before public reports of a potential sale, and a 101% premium to the 60-day volume-weighted average price of $6.95 per share through March 31. The transaction has a total enterprise value of approx. $5.2Bil.

$TLN {{ '2016-06-03T11:48:33+0000' | timeago}} • Announcement

$TLN said it entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC, a private investment firm. Under terms of the merger agreement, all outstanding shares of the company's common stock not currently owned by Riverstone affiliated entities will be acquired for $14 per share in cash.

$TLN {{ '2016-05-13T12:03:53+0000' | timeago}} • Announcement

$TLN said operators safely shut down the Unit 2 reactor at its Susquehanna nuclear plant in Luzerne County, Pa. early May 13 following an electrical fault in one of the unit's 480-volt electrical distribution centers. Plant workers are investigating the cause of the electrical issue and will determine the necessary repairs.

$TLN {{ '2016-05-10T17:15:07+0000' | timeago}} • Webcast

$TLN said it is making good progress on the major potential projects that will influence its capital allocation decisions. The company added that it expects to have a decision on the Montour Station project soon and continues its assessment with respect to the Harquahala Station.

$TLN {{ '2016-05-10T17:00:04+0000' | timeago}} • Webcast

Allentown, Pennsylvania-based $TLN said the sale of the Eastern hydro assets on April 1, 2016 for $860MM marks the end of the FERC mitigation asset sales. The Brunner Island co-fire project remains on schedule, which should permit the company to bring in Unit 3 by Aug. and the smaller two units by the end of 2016.

$TLN {{ '2016-05-10T11:27:11+0000' | timeago}} • Announcement

$TLN said the company updated 2016 guidance ranges for adjusted EBITDA to $655-855MM and adjusted free cash flow to $260-460MM. This updated guidance is to include actual results of the FERC mitigation assets that have been sold in 2016.

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