Calpine Closes Senior Secured Notes Offering and Term Loan Facility


HOUSTON--(BUSINESS WIRE)--Calpine Corporation (NYSE: CPN) today announced the closing of $1,560,000,000 of financings, including its previously disclosed private placement of $560,000,000 in aggregate principal amount of its 5.250% Senior Secured Notes due 2026 and a new $1,000,000,000 first lien term loan facility maturing in January 2025 that Calpine Construction Finance Company, L.P., an indirect, wholly owned subsidiary of Calpine Corporation entered into concurrently with the closing of the notes offering.

About Calpine

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses Calpine Energy Solutions and Champion Energy, we serve customers in 25 states, Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.

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