Constellation Energy Generation, LLC has launched private exchange offers and consent solicitations for outstanding Calpine Corporation notes. The transaction involves exchanging Calpine's existing 4.625% Senior Unsecured Notes due 2029, 5.000% Senior Unsecured Notes due 2031, and 3.750% Senior Secured Notes for newly issued Constellation notes with matching maturity dates, interest rates, and payment schedules. Eligible noteholders who tender by the early deadline will receive both new notes and a cash consideration, while those tendering later will receive a reduced amount of new notes and no cash. The exchange is subject to certain conditions as detailed in the offering memorandum.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Constellation Energy Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251208391697) on December 09, 2025, and is solely responsible for the information contained therein.