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Calpine Corporation Announces Upsizing and Pricing of Senior Secured Notes Offering

HOUSTON--(BUSINESS WIRE)--Calpine Corporation (NYSE: CPN) today announced the pricing of $560,000,000 in aggregate principal amount of its 5.250% Senior Secured Notes due 2026 in a private placement. The aggregate principle amount of the notes offered was increased from $550,000,000. The notes will be issued as additional notes under the indenture governing Calpine Corporation’s 5.250% Senior Secured Notes due 2026 that were issued on May 31, 2016. The offering is expected to close on December 15, 2017, subject to customary closing conditions.