Constellation Energy Generation, LLC has announced the final results of its private exchange offers and consent solicitations related to certain outstanding notes issued by Calpine Corporation. The transaction involved exchanging Calpine’s existing unsecured and secured notes for newly issued Constellation notes of equivalent principal amounts, along with a small cash consideration for early tenders. High participation rates were reported, with over 99% of the unsecured notes and 88% of the secured notes tendered. The exchange also included amendments to the Calpine notes’ covenants, including eliminating most restrictive covenants and releasing collateral on the secured notes. The settlement of the exchange offers is expected around January 15, 2026, following Constellation’s acquisition of Calpine on January 7, 2026.
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: 20260113932711) on January 13, 2026, and is solely responsible for the information contained therein.
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