Constellation ($CEG) extended the Exchange Offers & Consent Solicitations for Calpine notes to 5:00 PM NY…
Filed with the SEC on · Summarized by InvestorsBot
Constellation ($CEG) extended the Exchange Offers & Consent Solicitations for Calpine notes to 5:00 PM NY on Jan 12, 2026 (was Jan 8). Withdrawal deadline passed (Dec 22). Settlement ~3rd biz day after Amended Expiration, subject to merger closing. 🕒🔁 #M&A #Debt
Early-tender results: $646,822,000 (99.51%) of 4.625% Unsecured 2029; $846,337,000 (99.57%) of 5.000% Unsecured 2031; $794,462,000 (88.27%) of 3.750% Secured 2031 validly tendered. $CEG 📊 #Calpine #FixedIncome
Constellation says it received requisite consents to amend Calpine indentures to remove substantially all restrictive covenants/events of default (except payment & bankruptcy). Amendments effective at Exchange settlement and only upon merger consummation. $CEG 🔐 #CorporateDebt