Calpine seeks new terms on loan
From Times Wire Services
San Jose-based energy company Calpine Corp. asked to change the terms of an $8-billion loan to fund its exit from bankruptcy reorganization.
Calpine said in papers filed in U.S. Bankruptcy Court in New York that, after a disagreement with its lenders, it now has until Feb. 7 to close financing for the loan. The previous deadline was Jan. 31. The new terms also would give Calpine more room to meet covenant requirements.
