Calpine entered into a new seven-year $750 million term loan facility.
According to a related 8-K filing, Credit Suisse, Cayman Island Branch, served as administrative agent for the transaction.
Cahill represented the lead arrangers on the transaction. These were:
Goldman Sachs, Citigroup Global Market, Deutsche Bank Securities, Morgan Stanley Senior Funding, RBS Securities, Merrill Lynch, Union Bank, Barclays Capital, Credit Suisse Securities, J.P. Morgan Securities, RBC Capital Markets, UBS Securities and ING Capital.
Proceeds from the new term loan facility were used for refinancing existing indebtedness and to pay fees and expenses incurred in connection therewith.
Calpine is the largest generator of electricity from natural gas and geothermal resources in the U.S.