Cahill Represents Lead Arrangers and Initial Purchasers in Credit Facility and Bond Offering for Calpine
Date: 12/15/17
Cahill represented the lead arrangers in connection with a $1,000,000,000 Term B credit facility for Calpine Construction Finance Company, L.P., an energy and electric utilities company. Proceeds from the offering are expected to be used to repay outstanding obligations. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $560,000,000 aggregate principal amount of 5.25% senior secured notes due 2026 by Calpine Corporation. Proceeds from the offering are expected to be used to refinance existing indebtedness and for general corporate purposes.