Constellation Energy Extends Expiration Date of Private Exchange Offers, Reports Early Tender Results

MT Newswires Live
2025/12/23

Constellation Energy (CEG) said Tuesday it has extended the expiration of its previously announced private exchange offers and related consent solicitations to Jan. 12 from Jan. 8.

The extension relates to its offers to exchange 4.625% senior notes due 2029, 5.000% senior notes due 2031, and 3.750% senior notes due 2031, the company said.

Constellation Energy also said it has received the requisite consents to amend the Calpine notes and indentures governing it to eliminate substantially all restrictive covenants and events of default, other than payment-related and bankruptcy-related events.

As of the early tender deadline, about 99.51% of the unsecured 2029 notes, about 99.57% of the unsecured 2031 notes, and about 88.27% of the secured 2031 notes outstanding had been validly tendered, the company said.

Shares of Constellation Energy were down 0.7% in recent Tuesday premarket activity.

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