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Calpine Canadian units to sell $360 million in ULCI bonds via Lehman
By Reshmi Basu
New York, July 25 - Calpine Canadian units will sell $360 million in ULCI bonds via Lehman Brothers as part of a global settlement agreement between Calpine Corp., its Canadian debtors and the informal committee of Calpine Energy Finance ULC senior noteholders, according to a source familiar with the transaction.
On Tuesday, the court approved the agreement under which Calpine Canada Energy Finance will sell its holding of $359.77 million of 8½% senior notes due 2008, which were issued by Calpine Energy Finance ULC.
The timing of the sale has not been publicly disclosed, the source told Prospect News.
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