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Post# of 648882
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Re: Stock Lobster post# 233281

Wednesday, 01/09/2008 4:36:30 AM

Wednesday, January 09, 2008 4:36:30 AM

Post# of 648882
GM Stock Lobster. Calpine (CPNLQ.PK 0.28) FYI:

Court approves Calpine's $7.6 bln exit financing
Tue Jan 8, 2008 10:06am EST

NEW YORK, Jan 8 (Reuters) - Calpine Corp (CPNLQ.PK: Quote, Profile, Research) has received bankruptcy court approval for a proposed $7.6 billion debt financing as it attempts to exit Chapter 11 bankruptcy protection in the coming weeks, the power company said in a filing on Tuesday.

The exit financing would replace the company's outstanding $5.0 billion debtor-in-possession credit facility, Calpine said in a filing with the U.S. Securities and Exchange Commission. (Reporting by Lisa Lee, editing by Gerald E. McCormick)

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