Thu 05/19/2022 16:20 PM
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Term Sheet
Talen Energy Debt Restructuring Update:
Reorg estimates that recoveries for Talen Energy unsecured bondholders that participate in the $1.3 billion rights offering under the debtors’
restructuring support agreement will total 78.2%. This estimate is based on the debtors’ stated $4.5 billion total enterprise value.
As reflected below, recoveries are higher for unsecured bondholders that are members of the
ad hoc group of unsecured...
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