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Calpine amends $498m loan facility

25 Nov 2009

US power company Calpine Corporation has announced the refinancing of a 2005 loan facility to include its Mankato power plant and Freeport energy centre. The extended facility is for an eight year senior secured credit facility worth $498.5m, including a $465m senior term loan facilit, an $411m secured letter of credit and a $22.5m debt service reserve letter of credit.

 

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