Calpine Corporation, a Delaware Corporation, released its annual report for the year ended December 31, 2024.
The report provides insights into the company's operations, financial performance, and strategic initiatives.
Key financial metrics and significant events from the past year are outlined in detail.
2028 First Lien Notes
Total outstanding principal amount of $1.25 billion with a 4.50% interest rate due 2028.
2031 Senior Unsecured Notes
Initial aggregate principal amount of $850 million with a 5.00% interest rate due 2031.
Accounts Receivable Sales Program
Allows for the revolving sale of up to $500 million in certain trade accounts receivables to third parties.
- The refinancing and repricing of certain loans and notes in 2024 extended their maturity, positively impacting the company's debt structure.
- The Accounts Receivable Sales Program provides flexibility in managing cash flow and liquidity through the sale of trade accounts receivables.
Calpine Corporation's Annual Report reflects a strategic approach to managing its financial obligations and enhancing liquidity. The refinancing initiatives and diversified funding sources position the company well for future growth and stability.