trending Market Intelligence /marketintelligence/en/news-insights/trending/be86ts32yw6Xjvhe3yPxUA2 content esgSubNav
In This List

Calpine offers $1.25B of senior notes to redeem 5.375% notes

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Calpine offers $1.25B of senior notes to redeem 5.375% notes

Calpine Corp. launched a cash tender offer Dec. 19 to purchase any and all of its outstanding 5.375% senior notes due 2023.

The offer will expire at 5 p.m. ET on Dec. 26, unless extended or terminated earlier.

The company also intends to offer $1.25 billion of its senior notes due 2028 in a private placement.

Calpine will use the proceeds from the offering, combined with cash on hand, to purchase its 2023 notes, redeem any of the 2023 notes not tendered, and pay premiums and fees related to the redemption of the 2023 notes.

Proceeds may also be used for other general corporate purposes.