Talen Energy Secured Debtholders Tap Houlihan for Debt Talks (1)

A group of Talen Energy Corp. term loan holders have selected Houlihan Lokey Inc. to provide financial advice in the power company’s upcoming debt talks, according to people with knowledge of the situation.

The group has been getting legal advice from King & Spalding and recently sought pitches from financial advisers, Bloomberg previously reported. A representative for Houlihan declined to comment. Representatives for King & Spalding and Talen didn’t immediately respond to requests for comment.

Various creditor groups are forming as Talen reviews ways to tackle its roughly $4 billion debt load. Bloomberg reported Monday that lenders who provided ...