5.8.2003: Meldung: Calpine announces secured notes offered by subsidiary
The company intends to use the net proceeds from the offering to refinance a portion of CCFC I""s existing indebtedness, which matures in November 2003. The remaining balance of CCFC I will be repaid from cash on hand. Current outstanding indebtedness, including letters of credit under the CCFC I credit facility, is approximately $910 million.
The First Priority Secured Institutional Term Loans Due 2009 will be placed in the institutional term loan market. The Second Priority Secured Floating Rate Notes Due 2011 will be offered in a private placement under Rule 144A, have not been and will not be 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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