Talen Energy Supply, LLC announced on March 30, 2017 that it intends to offer, subject to market and other conditions, up to $500 million aggregate principal amount of its senior unsecured guaranteed notes due 2022 (the "Notes") in a private offering. The Notes will be guaranteed by certain of Talen Energy Supply's subsidiaries that guarantee its existing indebtedness. Talen Energy Supply intends to use the net proceeds from the offering, together with proceeds from term loan borrowings and cash on hand and/or revolver borrowings, to refinance, repurchase and/or repay certain of Talen Energy Supply's existing indebtedness, including in connection with the previously announced tender offers for Talen Energy Supply's 6.500% Senior Notes due 2018, 4.625% Senior Notes due 2019 and 4.600% Senior Notes due 2021, and to pay transaction fees and expenses.

About Talen Energy Supply

Talen Energy is one of the largest competitive energy and power generation companies in North America. Talen Energy produces and sells electricity, capacity and ancillary services from its fleet of power plants totaling approximately 16,000 MW (summer rating) of generating capacity as of December 31, 2016. Talen Energy's portfolio of generation assets is principally located in the Northeast, Mid-Atlantic and Southwest regions of the United States. Talen Energy Supply is an indirect wholly owned subsidiary of Talen Energy Corporation.