Talen Ironwood calls $41.52 million 8.857% bonds for full redemption

By Angela McDaniels

Tacoma, Wash., Dec. 23 – Talen Energy Corp. announced the upcoming redemption of Talen Ironwood, LLC’s 8.857% senior secured bonds due 2025.

The $41,524,508.12 outstanding principal amount of bonds will be redeemed in full on Jan. 22, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price is par plus accrued interest and a make-whole premium.

The redemption is being made in connection with the sale of the Ironwood power plant in Lebanon, Pa.

Talen Ironwood is a wholly owned subsidiary of Talen Energy and Talen Energy Supply, LLC.

Talen Energy is an Allentown, Pa.-based energy and power generation company.

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