Calpine Message Board - Msg: 14106098

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Non-Tech : Calpine

CPN 15.25

0.0%

Mar 9 4:00 PM EST

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To: Howard Hoffman who wrote (10)	7/25/2000 7:24:24 PM
From: Howard Hoffman	of 11

Why Calpine corrected in spite of reporting blow-out earnings: Calpine Announces Proposed Offerings of Common Stock and Senior Notes SAN JOSE, Calif.--(BUSINESS WIRE)--July 24, 2000--Calpine Corp. (NYSE:CPN) has announced proposed concurrent public offerings of 10,000,000 shares of common stock and 800 million of senior notes. Calpine has granted the common stock underwriters an option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any. Proceeds from the offerings will be used to finance the construction and development of additional power generation facilities, to fund recently announced acquisitions and to refinance existing debt incurred to fund development and acquisition transactions.

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