19.06.03

19.6.2003: Meldung: Calpine Corporation: Extension on Working Capital Facilities

Calpine Receives Additional Maturity Extension on Existing Working Capital Facilities
Tuesday June 17, 8:31 am ET

Company Nearing Completion of New, Two-Year $1 Billion Working Capital Facility

SAN JOSE, Calif., June 17 / Calpine Corporation (NYSE: CPN - News), a leading North American power company, today announced that the bank groups on its two existing working capital facilities, totaling approximately $950 million, have extended the maturity dates to June 24, 2003. The extension allows for finalizing the terms and conditions for a new, two-year $1 billion working capital facility. Upon completion of a term sheet for the new facility, the banks have also provided an automatic extension to July 16, 2003 to provide sufficient time to complete definitive documentation.

Calpine Corporation is a leading North American power company dedicated to providing wholesale and industrial customers with clean, efficient, natural gas-fired and geothermal power generation and a full range of energy products and services. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit www.calpine.com.

Source: Calpine Corporation
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