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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Goldman Sachs, Others Arrange $600MM Term Loan for Talen Energy
Wednesday, October 19, 2016
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Lenders/Participants
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Goldman Sachs Bank USA [Joint Lead Arranger, Joint Bookrunner]
RBC Capital Markets [Joint Lead Arranger, Joint Bookrunner]
Barclays Bank [Joint Lead Arranger, Joint Bookrunner]
Credit Suisse Securities [Joint Lead Arranger, Joint Bookrunner]
Deutsche Bank Securities, Inc. [Joint Lead Arranger, Joint Bookrunner]
Morgan Stanley Senior Funding [Joint Lead Arranger, Joint Bookrunner]
MUFG [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Term Loan B
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Amount
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$600.000
Million
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Borrower(s)
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Talen Energy Supply
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Description
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A $600 million term loan B facility. The net proceeds of the facility are expected to be used in connection with the consummation of the previously announced merger of Talen Energy Corporation with an affiliate of Riverstone Holdings LLC (the "Merger") and for the working capital needs and other general corporate purposes of the Company and its subsidiaries and affiliates, including the repayment of indebtedness under the Company's revolving credit facility. The term loan B facility will be issued at a price equal to 98.5% of its face value, will bear interest at a rate of LIBOR plus 5.00%, with a 1.0% LIBOR floor, and will have a seven year maturity. The term loan B facility will be secured by the same collateral securing, and will be guaranteed by the same direct and indirect wholly owned subsidiaries of the Company that are guarantors of, the Company's revolving credit facility.
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Industry
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Energy Services
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| Related Tags |
Barclays Bank, Credit Suisse AG, Deutsche Bank Securites, Goldman Sachs Bank, Morgan Stanley Senior Funding, MUFG, RBC Capital Markets
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ABL Advisor
Deal Tables
2025
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