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The latest announcement is out from Talen Energy Corp ( (TLN) ).
Talen Energy Corporation announced the closing of an $850 million incremental Term Loan B credit facility and the repurchase of $1 billion in common stock from Rubric Capital Management affiliates. This repurchase, priced at a 4% discount, allows Talen to buy back 4,893,507 shares, utilizing both the loan proceeds and $150 million of cash on hand, while leaving a remaining capacity of $1.08 billion in the share repurchase program through 2026, demonstrating the company’s commitment to shareholder returns.
More about Talen Energy Corp
Talen Energy is a leading independent power producer and energy infrastructure company operating approximately 10.7 gigawatts of power infrastructure in the United States. The company focuses on generating and selling electricity, capacity, and ancillary services into wholesale U.S. power markets, particularly in the Mid-Atlantic and Montana regions. Talen is committed to driving the energy transition and is involved in powering the digital infrastructure revolution to meet the increasing demand for reliable, clean power.
YTD Price Performance: 227.22%
Average Trading Volume: 1,193,874
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.8B
For detailed information about TLN stock, go to TipRanks’ Stock Analysis page.
