Thursday, Calpine Corp. (CPN) announced the pricing of its 7.25% Senior Secured Notes due 2017 in a private placement to term loan holders of under its existing credit facility for a like principal amount of term loans outstanding under such credit facility. The company said the amount of the offering was increased to $1.2 billion, provided that the amount of loans purchased and notes issued could be slightly less than $1.2 billion, due to rounding of amounts issued to $1,000 increments.
The aggregate principal amount of the notes offered was increased from $750 million. This offering is expected to close on October 21, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.