Calpine Gets $2 Billion Loan To Survive Bankruptcy

Law360, New York (January 25, 2006, 12:00 AM EST) -- A federal judge has given his final approval to bankrupt Calpine Corp.’s $2 billion refinancing plan, led by Deutsche Bank and Credit Suisse, to help the fallen energy giant keep its head above water as its bankruptcy case proceeds.

Chief Judge Burton Lifland of the U.S. Bankruptcy Court in Manhattan signed an order approving the loan and as well as Calpine’s request for a $200 million cash collateral, overruling objections from some of the company's major creditors.

The approved loan designates Deutsche Bank and Credit Suisse...
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