Credit Suisse Agents New $1B Facility for Calpine

Calpine closed a new $1 billion first lien term loan facility maturing in January 2025. Credit Suisse served as administrative agent for the transaction.

Barclays Supports Energy Capital Partners Calpine Buy

Barclays provided a $950 million senior secured bridge facility and a $1.1 billion revolver to support Energy Capital Partners acquisition of Calpine. Simpson Thatcher advised Barclay on the transactions.

Morgan Stanley, Goldman Sachs, Others Support Calpine Buy

Calpine closed its acquisition of Noble Americas Energy Solutions, the nation’s largest independent supplier of power to commercial and industrial retail customers in a deal valued at $800 million.

Fitch Rates Calpine’s New Term Loan ‘BB+’

Fitch Ratings has assigned a ‘BB+’ rating to Calpine’s $562 million first-lien term loan facility maturing May 31, 2023