Calpine: No News Is Bad News
- Calpine Offering $1.14B in Loans, Bonds. Sheahan, Matthew // High Yield Report;10/21/2013, p11
The article reports that Calpine is on the market with bond and loan offerings worth 1.14 billion U.S. dollars in 2013.
- Calpine Sells $750M in Bonds. Sheahan, Matthew // High Yield Report;10/21/2013, p15
The article reports that Calpine upsized its bond offering at the expense of a concurrent term loan offering and sold priced 750 million U.S. dollars in six percent secured notes due by 2022.
- Calpine's Bonds, Loans Tumble In Secondary. // High Yield Report;5/2/2005, Vol. 16 Issue 17, p2
Reports on the failure of the bond and bank debt of Calpine Corp in secondary trading levels in the U.S. Impact of the speculated bankruptcy filing on the high yield market; Compliance of the subsidiary corporations with the legal obligations; Effort to improve the liquidity position of the...
- Receivers: Double Agents or Surrogate Liquidators? Benveniste, Ivor // Accounting & Business Research (Wolters Kluwer UK);Summer86, Vol. 16 Issue 63, p245
Loans and overdrafts granted by banks to their corporate customers are usually covered by adequate security in the form of a debenture deed. Once the provisions of this deed have been breached by the borrowing company, the debenture holder has the right to appoint a receiver. The function of the...
- Calpine Plans Launch Of $2B DIP After Court Hearing. // Bank Loan Report;1/23/2006, Vol. 21 Issue 3, p2
The article reports that bankrupt company Calpine Corp. has released its planned debtor-in-possession (DIP) loan, and that the intention is to launch general syndication after it was granted access to a 500 million dollar revolver by the U.S. Bankruptcy Court. The DIP facility is specified to...
- Second Lien Lenders Prepare For Combat. O'Leary, Christopher // Bank Loan Report;4/3/2006, Vol. 21 Issue 13, p1
The article reports on the ongoing bankruptcy hearing of Calpine Corp. in the U.S. The company's second lien lenders are offering good financing facility and favorable terms of intercreditor agreements. The battle between the company's lien lenders puts the first lien debtholders in the wrong...
- A BORROWER'S VIEW OF THE MODEL CORPORATE DEBENTURE INDENTURE PROVISIONS. Garret Jr., Ray // Business Lawyer;Apr66, Vol. 21 Issue 3, p675
Focuses on the views of borrowers to the model corporate debenture indenture provisions in New York. Objection to the size and complexity of indentures; Reasons for the complexity of indentures; Reference of debenture indenture as the key instrument in the process of long term debt financing...
- Calpine Seeks Amendment To Buy Back Loan. Sheahan, Matthew // High Yield Report;4/13/2009, Vol. 20 Issue 15, p12
The article reports that Houston, Texas-based power provider Calpine Corp. plans to buy back its seven billion U.S. dollars exit loan by amending its credit agreement. Since emerging from bankruptcy in January 2008, the company has 10 billion U.S. dollars debt. A statement from CreditSights...
- Calpine Prices $1.1B in Upsized Drive-By. Sheahan, Matthew // High Yield Report;7/26/2010, Vol. 21 Issue 30, p7
The article announces that Calpine increased the price of its bond offering from 750 million U.S. dollars to 1.1 billion U.S. dollars.