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Legal News

Cahill Represents Financing Sources in Term Loan Agreement and Senior Notes Offering by Calpine Corporation

Date: 05/31/16

Cahill represented Citi as administrative agent, Citigroup Global Markets as lead arranger, and the other arrangers in connection with a $562,000,000 Term B loan for Calpine Corporation, America’s largest generator of electricity from natural gas and geothermal resources. Proceeds from the offering will be used to refinance existing credit.

Cahill also represented Deutsche Bank Securities, Barclays, BNP PARIBAS, Credit Agricole CIB, Morgan Stanley, and MUFG as joint book-running managers, and ING as co-manager, in connection with the Rule 144A offering of $625,000,000 aggregate principal amount of 5.250% Senior Secured Notes due 2026 by for Calpine Corporation. Proceeds were also used to refinance existing indebtedness.