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Talen Creditors Hire Perella Weinberg Ahead of Debt Talks (1)

Aug. 25, 2021, 7:54 PM

Talen Energy Corp. creditors hired a financial adviser to guide them through talks that could involve a debt swap as the struggling power producer pivots to renewable energy, according to people with knowledge of the matter.

A group of creditors holding unsecured and secured debt hired investment bank Perella Weinberg Partners, said the people, who asked not to be identified discussing confidential matters. The group is also getting legal advice from Paul, Weiss, Rifkind, Wharton & Garrison, while the company is working with investment bank Evercore Inc. and legal counsel Weil, Gotshal & Manges, Bloomberg News previously ...