13.6.2005: Meldung: Calpine Corp.: Termination of Offer to Purchase Calpine Canada Energy Finance ULC and Calpine Canada Energy Finance II ULC Notes
Friday June 10, 5:00 pm ET
SAN JOSE, Calif., June 10 / Calpine Corporation (NYSE: CPN - News) announced today that due to market conditions it is terminating its pending tender offer for aggregate cash consideration not to exceed $160,000,000 for all or a portion of the outstanding euro-denominated 8-3/8% Senior Notes due 2008 and British-pound denominated 8-7/8% Senior Notes due 2011 issued by its indirect, wholly-owned subsidiary Calpine Canada Energy Finance II ULC, and the U.S. dollar-denominated 8-1/2% Senior Notes due 2008 issued by its indirect, wholly-owned subsidiary Calpine Canada Energy Finance ULC (collectively, the "Notes"). The tender offer had been set to expire at 5:00 p.m., New York City time on Wednesday, June 22, 2005.
Calpine is not accepting for payment any Notes that have been tendered, and any tendered Notes will be returned promptly, without expense, to the Holders who have tendered such Notes (or, in the case of Notes tendered by book-entry transfer, will be credited to the account maintained at The Depository Trust Company, Euroclear Bank S.A./N.V., as operator of the Euroclear System, or Clearstream Banking, societe anonyme, as applicable). Accordingly, the tender payment (including the early tender premium) will not be paid or become payable with respect to the Notes.
Questions concerning the termination of the tender offer may be directed to the Dealer Manager for the tender offer, Credit Suisse First Boston LLC, Attn: Liability Management Desk at 800-820-1653 or by calling 212-325-7596 collect. Questions may also be addressed to MacKenzie Partners, Inc., the Information Agent, at 800322-2885 or by calling 212-929-5500 collect.
A major power company, Calpine Corporation supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states, three Canadian provinces and the United Kingdom. Its customized products and services include wholesale and retail electricity, natural gas, gas turbine components and services, energy management, and a wide range of power plant engineering, construction and operations services. Calpine was founded in 1984. It is included in the S&P 500 Index and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information, visit www.calpine.com.
Source: Calpine Corporation