Calpine Announces Stockholder Offering
April 23 2009 - 4:36PM
Business Wire
Calpine Corporation (NYSE: CPN) announced today that Harbinger
Capital Partners Master Fund I, Ltd. has agreed to sell 20,000,000
shares of the company�s common stock in a registered public
secondary offering. In addition, Harbinger has granted Morgan
Stanley the option to purchase an additional 3,000,000 shares
solely to cover over-allotments. The Company will not receive any
proceeds from this offering.
Morgan Stanley is acting as the sole underwriter for the
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
Calpine Corporation has filed a registration statement
(including a prospectus) with the Securities and Exchange
Commission (SEC) for the offering to which this communication
relates. Before you invest, you should read the prospectus in that
registration statement and other documents the company has filed
with the SEC for more complete information about Calpine
Corporation and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, Morgan Stanley will arrange to send you the
prospectus if you request it by calling 1-866-718-1649 or by e-mail
at prospectus@morganstanley.com.
About Calpine
Calpine Corporation is helping meet the needs of an economy that
demands more and cleaner sources of electricity. Founded in 1984,
Calpine is a major U.S. power company, currently capable of
delivering over 24,000 megawatts of clean, cost-effective, reliable
and fuel-efficient electricity to customers and communities in 16
states in the United States and Canada. Calpine owns, leases, and
operates low-carbon, natural gas-fired, and renewable geothermal
power plants. Using advanced technologies, Calpine generates
electricity in a reliable and environmentally responsible manner
for the customers and communities it serves. Please visit
www.calpine.com for more information.
Forward-Looking Information
In addition to historical information, this release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Words such as
"believe," "intend," "expect," "anticipate," "plan," "may," "will"
and similar expressions identify forward-looking statements. Such
statements include, among others, those concerning expected
financial performance and strategic and operational plans, as well
as assumptions, expectations, predictions, intentions or beliefs
about future events. You are cautioned that any such
forward-looking statements are not guarantees of future performance
and that a number of risks and uncertainties could cause actual
results to differ materially from those anticipated in the
forward-looking statements. Please see the risks identified in this
release or in Calpine's reports and registration statements filed
with the Securities and Exchange Commission, including, without
limitation, the risk factors identified in its Annual Report on
Form 10-K for the year ended December 31, 2008. These filings are
available by visiting the Securities and Exchange Commission's web
site at www.sec.gov or Calpine's web site at www.calpine.com.
Actual results or developments may differ materially from the
expectations expressed or implied in the forward-looking
statements, and Calpine undertakes no obligation to update any such
statements.
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