Calpine borrows $725 million under revolver

By Sara Rosenberg

New York, Nov. 7 - Calpine Corp. drew down $725 million under its revolving credit facility after the third quarter ended, according to a news release.

The draw was made to reduce the risk of non-performance from the institutions that hold a revolving commitment in its corporate first-lien facility and enhance liquidity.

Calpine is a San Jose, Calif.-based power company.

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