Talen Energy Corporation Announces Additional Repurchase of Common Stock
HOUSTON, July 2, 2024 /PRNewswire/ — Talen Energy Corporation (“Talen” or the “Company”) (OTCQX: TLNE) announced today that the Company has executed an agreement to complete the repurchase of approximately 2.4 million shares of its outstanding common stock from affiliates of Rubric Capital Management LP at a purchase price of $116.00 per share, for an aggregate purchase price of approximately $280 million. The transaction is expected to close in the next several days. This repurchase is part of the Company’s previously announced $1 billion share repurchase program, which had approximately $388 million of remaining capacity after the conclusion of the Company’s $612 million equity tender offer.