Talen Energy Corporation Announces Early Tender Results of its Previously Announced Tender Offer to Repurchase up to $600,000,000 of its Common Stock

HOUSTON, June 13, 2024 /PRNewswire/ — Talen Energy Corporation (“Talen” or the “Company”) (OTCQX: TLNE) announced today the early tender results of its previously announced modified “Dutch auction” tender offer (the “Tender Offer”) to purchase for cash up to an aggregate purchase price of $600,000,000 (and, at the Company’s option, up to an additional $12,000,000) (the “Tender Cap”) of shares (the “Shares”) of its common stock (the “Common Stock”). The Tender Offer is part of the Company’s recently upsized $1 billion share repurchase program that was approved by its Board of Directors in May 2024. The Tender Offer remains subject to certain terms and conditions as described in the Offer to Purchase, dated as of May 29, 2024 (as it may be amended or supplemented from time to time, the “Offer to Purchase”).

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