Tuesday, Calpine Corp. (CPN) said that it intends to offer in a private placement to holders of term loans under its existing credit facility, $750.0 million in aggregate principal amount of senior secured notes due 2017 for a like principal amount of term loans outstanding under such credit facility.
Calpine said that the notes will be guaranteed by each of its current and future subsidiaries that is a guarantor under its existing credit facility. The notes and related guarantees will be secured equally and ratably with the indebtedness incurred under Calpine Corporation's existing credit facility by a first-priority lien on substantially all of Calpine Corporation's and certain of the guarantors' existing and future assets, subject to certain exceptions and permitted liens.
The notes have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.