trending Market Intelligence /marketintelligence/en/news-insights/trending/-tLuJmFAm_Jcs1V6cMjY6Q2 content esgSubNav
In This List

Calpine prices $1.25B senior notes offering

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Infographic: Q4’21 US Battery Storage by the Numbers


Calpine prices $1.25B senior notes offering

Calpine Corp. has priced $1.25 billion of its upsized 4.500% senior secured notes due 2028. The private placement offering was increased from $750 million.

Together with cash on hand, the company intends to use proceeds from the offering to purchase its 6.000% senior secured notes due 2022 and its 5.875% senior secured notes due 2024, redeem any of the 2022 and 2024 notes not tendered in connection with the tender offers, and for general corporate purposes. Calpine extended the expiration date for the tender offer by a day to 5:00 p.m. ET on Dec. 17.

The offering is expected to close Dec. 20, subject to customary conditions.