Simpson Thacher Represents Barclays in Connection With Financing for Energy Capital Partners’ $17 Billion Acquisition of Calpine Corporation
10.20.17
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The Firm recently advised Barclays in connection with a committed $950 million senior secured bridge credit facility for Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure, in connection with the acquisition of Calpine Corporation by Energy Capital Partners and a consortium of investors. Additionally, the Firm has advised Barclays in connection with a committed $1.1 billion senior secured backstop revolving credit facility to be used to refinance the existing revolving credit facility of Calpine Corporation.
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources. Its shares are currently publicly traded under the ticker symbol “CPN.”
The Simpson Thacher team includes Justin Lungstrum, Jennifer Levitt, Julia Kohen, Nelli Zaltsman, Rustin Brown and Jeffrey Herscott (Banking and Credit); Ken Wallach, Hui Lin and Jo Djekovic (Capital Markets); Edward Chung (M&A); Michael Isby (Environmental); Joo Hyun Lee (Executive Compensation and Employee Benefits); Parker Kelsey (Funds); and William Smolinski (Tax).