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Calpine to redeem 8% senior secured notes due 2016 with loan proceeds
By Tali David
Minneapolis, April 22 - Calpine Corp. subsidiary Calpine Construction Finance Co., LP plans to use the proceeds of a proposed $1.06 billion term loan to redeem its outstanding 8% senior secured notes due 2016, according to a press release.
Proceeds will also be used for related fees and expenses.
Calpine is a Houston-based power company.
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