Calpine Credit Agreement

The financing consists of a loan of $US 900 million, maturing in 2027, and a credit facility of $200 million. The green loan is remunerated with a LIBOR plus 2.00% per year and increased by 0.125% every three years. Sunnova fills Truhe with completion of solar securitization, Sale of Calpine shares closes $1.1 billion in financing for Geyser Power subsidiary The geysers Power Company LLC (GPC) unit will use the proceeds to repay Calpine for equity invested in it and to finance ongoing operations, maintenance and investments. GPC owns and operates 13 geothermal power plants at the Geysers plant in northwestern California with a total capacity of 725 MW. Geysers Power plans to use the proceeds to repay Calpine for equity invested in the business and to finance day-to-day operations, maintenance and investments. Calpine will use the equity proceeds to repay corporate and project-level debts, as well as for working capital and other corporate general purposes, a June 10 press release said. Rate Case Activity Slips, COVID-19 remain at the forefront For this transaction, the main arrangers were: MUFG Bank, BNP Paribas, Credit Agricole, Natixis, Mizuho Bank, National Bank of Canada, Sumitomo Mitsui, SunTrust Robinson Humphrey, CoBank, Rabobank, ING Capital and DZ Bank. Enel Chile is in the process of signing a 17-year contract for the supply of renewable energy to copper miners. At the same time, Calpine will use its equity proceeds to pay off corporate and project debts, as well as for working capital and other general corporate purposes, he said. Geysers Power has 13 geothermal power plants with a total capacity of 725 MW in California.

MUFG Bank, BNP Paribas, Crédit Agricole, Natixis, Mizuho Bank, National Bank of Canada, Sumitomo Mitsui, SunTrust Robinson Humphrey, CoBank, Rabobank, ING Capital and DZ Bank acted as lead arranger of the transaction. White & Case LLP acted as advisor to borrowers and Latham & Watkins LLP acted as lender advisor during the transaction. Bulgaria Devnya Cement invests €5 million in alternative fuel projects – Report 11. June (Renewables Now) – U.S. natural gas and geothermal producer Calpine Corporation has finalized $1.1 billion (€967 million) in certified Climate Bonds loans for its geothermal subsidiary, it said Wednesday. Calpine Corp. secured $1.1 billion in climate bond-certified financing for its geothermal subsidiary Geysers Power Co LLC. . . .