Constellation Energy Completes Exchange Offer and Retires $2.3 Billion Calpine Notes
Constellation Energy Corporation has completed a merger with Calpine Corporation, making it a wholly owned subsidiary. As part of this, Constellation retired $2.29 billion in Calpine Notes through exchange offers and consent solicitations. New senior notes were issued, including 2029 and 2031 maturities, which are subject to optional redemption and governed by an indenture with U.S. Bank Trust Company. Supplemental indentures were executed to reflect these changes.
Constellation Energy Corporation has completed a series of transactions under a merger agreement, resulting in Calpine Corporation becoming a wholly owned subsidiary of Constellation. As part of the transaction, Constellation completed exchange offers and consent solicitations related to Calpine’s outstanding notes, with $2.29 billion in Calpine Notes tendered, accepted, and subsequently canceled. In connection with these transactions, Constellation issued new senior notes, including New 2029 Senior Notes maturing on February 1, 2029, New February 2031 Senior Notes maturing on February 1, 2031, and New March 2031 Senior Notes maturing on March 1, 2031. The new notes are subject to optional redemption and are governed by an indenture with U.S. Bank Trust Company, National Association, as trustee. Supplemental indentures and related amendments were executed to reflect these changes. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001868275-26-000009), on January 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here
