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Calpine Corp (CPN)

CPN on New York Consolidated

15.10USD
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Calpine Corp Stockholders Approve Acquisition By Investor Consortium Led By Energy Capital Partners
Friday, 15 Dec 2017 09:21am EST 

Dec 15 (Reuters) - Calpine Corp ::CALPINE CORPORATION STOCKHOLDERS APPROVE ACQUISITION BY INVESTOR CONSORTIUM LED BY ENERGY CAPITAL PARTNERS.CALPINE - ACQUISITION EXPECTED TO BE COMPLETED DURING Q1 2018.  Full Article

Calpine Corp Announces Upsizing And Pricing Of Senior Secured Notes Offering
Monday, 4 Dec 2017 07:28pm EST 

Dec 4 (Reuters) - Calpine Corp ::ORATION ANNOUNCES UPSIZING AND PRICING OF SENIOR SECURED NOTES OFFERING.‍ANNOUNCED PRICING OF $560 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS 5.250% SENIOR SECURED NOTES DUE 2026 IN A PRIVATE PLACEMENT​.CALPINE - ‍NOTES WILL BE ISSUED AS ADDITIONAL NOTES UNDER INDENTURE GOVERNING CALPINE CORP'S 5.250% SENIOR SECURED NOTES DUE 2026 ISSUED ON MAY 31, 2016​.  Full Article

Calpine Corp Announces Senior Secured Notes Offering
Monday, 4 Dec 2017 07:30am EST 

Dec 4 (Reuters) - Calpine Corp ::CALPINE CORPORATION ANNOUNCES SENIOR SECURED NOTES OFFERING.CALPINE CORP - ‍INTENDS TO OFFER $550 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS 5.250% SENIOR SECURED NOTES DUE 2026 IN A PRIVATE PLACEMENT​.CALPINE CORP - ‍NOTES WILL BE ISSUED AS ADDITIONAL NOTES UNDER INDENTURE GOVERNING CALPINE CORP'S 5.250% SENIOR SECURED NOTES DUE 2026.  Full Article

Greenlight Capital dissolves stake in Alcoa, raises in Hewlett Packard Enterprise
Tuesday, 14 Nov 2017 05:21pm EST 

Nov 14 (Reuters) - :Greenlight Capital Inc dissolves share stake in Alcoa Corp - SEC filing.Greenlight Capital Inc dissolves share stake in Calpine Corp.Greenlight Capital Inc raises share stake in Hewlett Packard Enterprise Co by 75.4 percent to 7.8 million shares.Greenlight Capital Inc takes share stake of 3.96 million shares in Stars Group Inc.Greenlight Capital Inc takes share stake of 262,500 shares in Gap Inc.Greenlight Capital Inc cuts share stake in Dillard's Inc by 40.4 percent to 1.5 million Class A shares.Greenlight Capital Inc raises share stake in Tempur Sealy International Inc to 4 million shares from 400,00 shares.Greenlight Capital Inc raises share stake in Adient Plc to 1.73 million shares from 439,161 shares.Greenlight Capital Inc takes share stake of 8.4 million shares in Exela Technologies Inc.Greenlight Capital Inc raises share stake in DSW Inc by 35.1 percent to 3.05 million Class A shares.Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Calpine reports Q3 earnings per share $0.63
Wednesday, 1 Nov 2017 07:30am EDT 

Nov 1 (Reuters) - Calpine Corp :Calpine reports third quarter 2017 results.Q3 earnings per share $0.63.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Calpine Corp - Qtrly operating revenues $2,586 million versus $2,355 mln‍​.  Full Article

Calpine Corp agrees to amend its revolving credit facility
Thursday, 26 Oct 2017 05:39pm EDT 

Oct 26 (Reuters) - Calpine Corp :Calpine Corp says on Oct 20, 2017, co agreed to amend its revolving credit facility to extend maturity of certain revolving commitments - SEC filing.Calpine Corp -amendment ‍to extend maturity of certain revolving commitments to August 17, 2023​.Calpine-Amendment to reduce capacity under revolving credit facility to $1.3 billion class c revolving commitments, $170 million Class B revolving commitments​.  Full Article

Calpine says ‍downtown Houston headquarters closed due to flooding after Hurricane Harvey
Wednesday, 30 Aug 2017 08:00am EDT 

Aug 30 (Reuters) - Calpine Corp :Calpine provides update on Hurricane Harvey’s impact on Southeast Texas operations.Says ‍downtown Houston headquarters was closed due to flooding​.Says ‍vast majority of Calpine's approximately nine gigawatts of Texas generating capacity is available for dispatch​.Says ‍balance of Texas generating capacity​ is expected to be back online within next few days with no material damage reported.  Full Article

Canada Pension Plan Investment Board to acquire stake in Calpine Corp
Friday, 18 Aug 2017 08:05am EDT 

Aug 18 (Reuters) - Calpine Corp :Canada Pension Plan Investment Board signs agreement to acquire stake in Calpine Corporation.‍canada Pension Plan Investment board says CPPIB will invest US$750 million​ in relation to Calpine deal.  Full Article

Energy Capital to buy Calpine Corp in a $5.6 billion​ deal
Friday, 18 Aug 2017 06:45am EDT 

Aug 18 (Reuters) - Calpine Corp :Calpine agrees to be acquired by investor consortium led by Energy Capital Partners.Deal for ‍$15.25 per share in cash​.Deal for ‍$5.6 billion​.Transaction follows a competitive strategic review process and was unanimously approved by Calpine's board of directors​.Agreement provides for payment of a termination fee by co of $142 million to investor consortium in event that agreement is terminated.Will maintain its corporate headquarters in Houston, Texas with current management team expected to remain in place.Lazard is serving as financial advisor and White & Case LLP as legal advisor to Calpine​.Along with Energy Capital Partners, investor consortium is led by access industries and Canada Pension Plan Investment Board​.Transaction is not subject to a financing condition​.Entered into definitive agreement under which Energy Capital Partners along with a consortium of investors will acquire Calpine​.Deal includes 45-day "go-shop" period, during which co can potentially enter negotiations with parties that offer alternative proposals​.Entity wholly owned and controlled by Energy Capital Partners​ and its consortium will fund 100% of equity required to consummate transaction.Energy Capital Partners' Tyler Reeder​ says do not intend to make changes to Calpine's financial policy or $2.7 billion deleveraging plan.Agreement provides for payment of a termination fee of $65 million if Calpine terminates agreement for a superior proposal​.  Full Article

Calpine Q2 loss per share $0.61
Friday, 28 Jul 2017 06:07am EDT 

July 28 (Reuters) - Calpine Corp :Calpine reports second quarter 2017 results and reaffirms 2017 guidance.Q2 loss per share $0.61.Q2 earnings per share view $0.00 -- Thomson Reuters I/B/E/S.Calpine Corp - reaffirming 2017 guidance.Calpine Corp - reaffirming 2017 guidance.Calpine Corp qtrly operating revenues $2,084 million versus $1,164 million.Calpine Corp - board of directors and management in discussions regarding a potential sale of Calpine.Calpine Corp - current plan is to return Delta Energy Center unit to full combined-cycle configuration in Q4 of 2017.Calpine Corp - "early this spring, our board of directors decided to explore strategic alternatives for company".  Full Article

BRIEF-Calpine Corp Stockholders Approve Acquisition By Investor Consortium Led By Energy Capital Partners

* CALPINE CORPORATION STOCKHOLDERS APPROVE ACQUISITION BY INVESTOR CONSORTIUM LED BY ENERGY CAPITAL PARTNERS