Talen Energy Supply LLC priced a private offering of $400 million of 9.5% senior unsecured notes due July 15, 2022, at 97% of par value.

The notes will be guaranteed by certain Talen Energy Supply's subsidiaries that guarantee its existing indebtedness, according to an April 7 release. The offering is expected to close April 13, subject to customary closing conditions.

The Talen Energy Corp. subsidiary plans to use the 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 existing debt, including its previously announced tender offers.