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Calpine Construction to pay down loans using proceeds from $800 million placement of notes
By Susanna Moon
Chicago, May 11 - Calpine Corp. said its indirect wholly owned subsidiary, Calpine Construction Finance Co., LP, plans to repay its credit facility funded by cash and a private placement of notes.
Calpine Construction and CCFC Finance Corp. plan to offer $800 million of senior secured notes due 2016.
Calpine is a San Jose, Calif.-based independent wholesale power generation company that owns and operates natural gas-fired and geothermal power plants in North America.
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