12.1.2004: Meldung: Calpine closes $250 million of senior notes
Calpine Corporation (NYSE: CPN) has received funding on an additional $250 million of its 4 3/4% Senior Unsecured Convertible Notes Due 2023, pursuant to the exercise in full by the initial purchaser of its remaining option to purchase additional notes. The securities will be convertible into cash and into shares of Calpine common stock at a price of $6.50 per share, which represents a 38% premium over the New York Stock Exchange closing price of $4.71 per Calpine common share on November 6, 2003, the date the notes were originally priced. Upon conversion of the notes, Calpine will deliver par value in cash and any additional value in CPN shares. Net proceeds from the offering will be used to repurchase or redeem existing indebtedness. The 4 3/4% Senior Unsecured Convertible Notes Due 2023 were offered in a private placement under Rule 144A, have not been registered under the Securities Act of 1933, and may not be offered in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy. Securities laws applicable to private placements under Rule 144A limit the extent of information that can be provided at this time.
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