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| Calpine to Request Consents to Waiver From Holders of Its Secured Notes and Term Loans Calpine Construction Finance Company, L.P. and CCFC Finance Corp. have commenced a consent solicitation, for holders of record as of June 1, 2006, to seek a waiver under the indenture governing their $415,000,000 principal amount of Second Priority Senior Secured Floating Rate Notes due 2011. CCFC is also requesting a similar waiver from the lenders under the credit and guarantee agreement governing its $385,000,000 First Priority Senior Secured Institutional Term Loans due 2009. The proposed waivers would waive certain existing defaults and events of default under the Indenture and Credit Agreement that occurred following the Chapter 11 bankruptcy filing on December 20, 2005 by Calpine Corporation, the company's ultimate parent, and certain of Calpine Corporation's controlled subsidiaries. write your comments about the article :: © 2006 Construction News :: home page |