Calpine Asks To Sell Notes Worth $144M

Law360, New York (December 4, 2007, 12:00 AM EST) -- Bankrupt energy company Calpine Corp. has asked for court permission to liquidate $144 million in senior notes, claiming that the sale will be in the best interest of the company and its creditors.

In a motion filed on Friday in the U.S. Bankruptcy Court for the Southern District of New York, Calpine asked the court to approve the sale, which will be carried out with the help of underwriter Lehman Brothers.

If given court permission, Calpine will sell its 8½% senior notes, which were issued by...
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