5.10.2005: Meldung: Calpine Prices Preferred Shares Offering by CCFC Preferred Holdings

Calpine Corporation"s indirect subsidiary, CCFC Preferred Holdings, LLC, has priced its $300 million offering of 6-Year Redeemable Preferred Shares due 2011 at LIBOR plus 950 basis points. Net proceeds from the offering of the Redeemable Preferred Shares will be used as permitted by Calpine"s existing bond indentures. Calpine expects the transaction to close within the next two weeks.

The Redeemable Preferred Shares have not been registered under the Securities Act of 1933, as amended, and may not be offered in the United States or any state absent registration or an applicable exemption from registration requirements. The Redeemable Preferred Shares were offered in a private placement in the United States under Section 4(2) and Regulation D under the Securities Act of 1933. This press release shall not constitute an offer to sell or the solicitation of an offer to buy. Securities laws applicable to private placements limit the extent of information that can be provided at this time.

Source: Calpine Corporation
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