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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	3/12/2002 8:31:46 AM
From: Joe Stocks	of 787

CPN- Story: Calpine increases credit capacity to $2B (CPN) By Tomi Kilgore Calpine (CPN) said it has closed on a new $1.6 billion secured credit facility, increasing the its capacity for cash borrowings and letters of credit to $2 billion. The independent power company plans to use the proceeds of the new facilities to finance capital expenditures and for general corporate purposes. "This substantially expanded facility is an important step in our continuing program to strengthen Calpine's liquidity," said Pete Cartwright, Calpine's chairman and chief executive. "We are in negotiations on a wide range of additional opportunities to further enhance our liquidity." The stock closed Monday down 51 cents at $12.74.

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