Company emerges with significantly deleveraged balance sheet, ~$875 million of liquidity, and having achieved previously announced leadership transition
HOUSTON, May 17, 2023 /PRNewswire/ — Talen Energy Corporation (“Talen” or “the Company”) announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization (the “Plan”) and completed its restructuring. Supported by a new equity owner group, the Company has significantly reduced its debt and strengthened its balance sheet, making it well-positioned for future value creation.
The Plan included the infusion of new equity capital pursuant to a common equity rights offering (the…
Read the full article at: https://www.prnewswire.com/news-releases/talen-energy-corporation-announces-successful-completion-of-strategic-restructuring-transactions-301827697.html