Calpine DIP Is Proof Of Developing Market

Lewis, Janet
February 2006
Investment Dealers' Digest;2/27/2006, Vol. 72 Issue 8, p34
Trade Publication
The article focuses on the allowance of loan market liquidity for bankruptcy loans in the U.S. Calpine Corp. has struggled to avoid restructuring, which is said to end when it filed for Chapter 11 bankruptcy protection. Its two billion dollars debtor-in-possession loan has been among the largest. The company's facility has been executed in three branches including a one billion dollar revolver, a 400 million dollars first term loan and a 600 million dollars second-lien term loan.


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