We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Calpine Wants To Stop Footing The Bill For Bondholders

Law360 (June 13, 2006, 12:00 AM EDT) -- After repaying the debt to a bondholders group that led to its meltdown into bankruptcy, Calpine Corp. wants to close its wallet, claiming it should not have to fork over more to bondholders for mounting professional fees.

The energy giant, which had wrangled with its first-lien bondholders long before it filed for Chapter 11 in December, contends that these fee payments will only fuel the bondholders dispute with the company.

Calpine has paid approximately $350,000 for the fees each month, which are estimated to increase to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.