trending Market Intelligence /marketintelligence/en/news-insights/trending/CTLIyJKgVjsNl_Gmkj_SCA2 content esgSubNav
In This List

Calpine plans $550M note offering to help repay $1.6B term loan facility

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Case Study

A Large Energy Company Manages its Exposure with Robust Tools to Assess Creditworthiness and Set Credit Limits


Calpine plans $550M note offering to help repay $1.6B term loan facility

Calpine Corp. plans to issue an additional $550 million of its 5.25% senior secured notes due 2026 in a private placement, according to a Dec. 4 release.

The proceeds, together with cash on hand and proceeds from a $1 billion first-lien term loan due January 2025, will be used to repay approximately $1.6 billion of outstanding borrowings under Calpine Construction Finance Co. LP's first-lien term loan facility with tranches maturing in 2020 and 2022.

The company previously issued 5.25% notes due 2026 on May 31, 2016.