BREAKING: $CEG confirms close of Calpine deal & completes private exchange — $2.2897B of Calpine notes…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: $CEG confirms close of Calpine deal & completes private exchange — $2.2897B of Calpine notes tendered, accepted, retired & canceled; Calpine now a Constellation subsidiary and its debt reissued as Constellation notes 🚨🔁 $CEG #BREAKING #M&A #DebtSwap #FinTwit
ALERT: Big implication — Constellation amended Calpine indentures to strip nearly all restrictive covenants (only payment & bankruptcy defaults remain). Bondholder protections cut; ~$2.29B of debt now consolidated onto $CEG ⚠️📉 #CreditRisk #Bonds #Investing #FinTwit
Confirmed: New Constellation notes mirror prior economics — 4.625% due 2/1/2029, 5.000% due 2/1/2031, 3.750% due 3/1/2031. Interest dates Feb/Mar & Aug/Sep; optional redemption applies. $2,289,722,000 accepted 📝📅 $CEG #Bonds #CorporateDebt #CEG
Confirmed: Exchange Offers expired & settled 1/15/26; accepted Calpine notes canceled. Supplemental indentures executed (Exs.4.1-4.3). Bondholders should review trustee notices — rating/market moves possible 🔍📣 $CEG #M&A #FinTwit #Breaking