05:07 AM EDT, 10/28/2025 (MT Newswires) -- Talen Energy ( TLN ) said Monday its unit has completed its private offerings of $1.40 billion of 6.25% senior notes due 2034 and $1.29 billion of 6.5% notes due 2036.

Net proceeds from the offerings, together with a new $1.2 billion term loan, will be used to buy the 1,045 megawatt Freedom Energy Center in Pennsylvania and the 1,836 megawatt Guernsey Power Station in Ohio from Caithness affiliates.

If either acquisition does not close by July 17, 2026, or Jan. 17, 2027, if extended, Talen must redeem the notes at the issue price plus accrued interest. If both deals are not completed or are terminated, the company must redeem all of the outstanding notes at the issue price plus accrued interest.