White & Case Advised Talen Energy Supply in $290 Million Term Loan Financing
White & Case LLP, a prominent global legal firm, has provided counsel to Talen Energy Supply in connection with a term loan financing of $290 million. This financing structure was executed as incremental term loans within Talen's pre-existing credit facility. The term loan financing was instrumental in repaying the project financing debt tied to Talen's Lower Mount Bethel and Martins Creek power plants.
Talen stands as a significant entity within North America's competitive power generation and infrastructure sector. With a robust presence, Talen possesses ownership and/or control over approximately 12,400 megawatts of generating capacity across wholesale US power markets, with a strong focus on regions like the Mid-Atlantic, Texas, and Montana. Furthermore, operating through its cumulus subsidiaries, Talen is actively engaged in the development of an extensive portfolio of renewable energy, battery storage, and digital infrastructure assets throughout its wide-ranging operational scope.
The team at White & Case was spearheaded by Capital Markets partner Andrew Weisberg and Debt Finance partner Justin Wagstaff. This lineup also featured Project Development and Finance partner Nandan Nelivigi, along with Debt Finance associates Yehuda Rubel and Ryan Talbott, as well as Project Development and Finance associate Adam Conwell (all based in New York). Additionally, Debt Finance associate Alondra Urbina from Los Angeles was part of the team, and the assistance of law clerk Thomas Boulger was also instrumental in the matter.