On May 10, 2022, Talen Energy Supply, LLC, a Texas-based independent power producer founded in 2015, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 22-90054). The debtor is authorized to borrow under a DIP new money credit agreement providing for: a $300 million revolving credit facility, a $1 billion term loan facility and a letter of credit facility in an aggregate principal amount of approximately $457.9 million. The company reports $10 to $50 billion in both assets and liabilities.