Calpine Prices $300 Million Preferred Shares Offering by CCFC Preferred Holdings
October 04 2005 - 2:48PM
PR Newswire (US)
SAN JOSE, Calif., Oct. 4 /PRNewswire-FirstCall/ -- Calpine
Corporation's (NYSE:CPN) 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.
DATASOURCE: Calpine Corporation CONTACT: Katherine Potter, Media
Relations, +1-408-792-1168, or , or Karen Bunton, Investor
Relations, +1-408-995-5115, ext. 1121, or , both of Calpine
Corporation Web site: http://www.calpine.com/
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