Talen Energy (TLN) said Thursday that its unit entered into several refinancing transactions to improve its debt structure and reduce financing costs.
The transactions include repricing the power producer's $846 million senior secured term loan B facility due in May 2030 and its $839 million senior secured term loan B facility due in December 2031, according to a statement.
The refinancing deals, along with the recent redemption of its 8.625% senior secured notes due 2030, are expected to deliver about $47 million in annual interest savings, the company said.
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