Talen Energy Supply LLC – Court Approves Upsized $1.55bn Backstop Commitment Letter for Upsized $1.9bn Rights Offering as “Capital Needs Evolve”
August 29, 2022 – The Court hearing the Talen Energy Supply cases issued an order authorizing the Debtors to enter into an August 4th amended and restated commitment letter (the “Backstop Commitment Letter”) further to which certain unsecured noteholders (the "Backstop Parties") have agreed to backstop up to $1.55bn of a proposed $1.9bn rights issue…