Calpine’s exit financing OKd
From Times Staff and Wire Reports
Calpine Corp. has received Bankruptcy Court approval of a proposed $7.6-billion debt financing as it attempts to exit Chapter 11 bankruptcy protection in the coming weeks, the San Jose-based power company said in a regulatory filing.
The exit financing would replace Calpine’s outstanding $5.0-billion debtor-in-possession credit facility, the company said.
