Calpine Terminates Tender Offer For Its 9 5/8% First Priority Senior Secured Notes Due 2014
December 30 2005 - 5:04PM
PR Newswire (US)
SAN JOSE, Calif., Dec. 30 /PRNewswire-FirstCall/ -- Calpine
Corporation (OTC Pink Sheets: CPNLQ) announced today that it has
terminated its previously announced tender offer to purchase for
cash up to $400,000,000 of its outstanding 9 5/8% First Priority
Senior Secured Notes due 2014 (the "Notes"). The tender offer has
expired, and Calpine has determined that not all the conditions to
the offer have been satisfied. Accordingly, Calpine will purchase
no Notes pursuant to the offer, and all Notes tendered will be
promptly returned. 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 and in three Canadian provinces. Calpine was founded in
1984. DATASOURCE: Calpine Corporation CONTACT: media, Katherine
Potter, +1-408-792-1168, or investors, Lisa Poelle, +1-408-792-1285
Web site: http://www.calpine.com/
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