Constellation completes exchange of $2.29B in Calpine notes for new Constellation notes; amends indentures

CONSTELLATION ENERGY GENERATION LLC

Accepted $2,289,722,000 aggregate principal of Calpine Notes tendered; all accepted notes retired and canceled.
Issued New 4.625% Senior Notes due 2029, New 5.000% Senior Notes due 2031, and New 3.750% Senior Notes due 2031 with same terms as Calpine Notes.
Executed supplemental indentures to eliminate substantially all restrictive covenants and events of default (excluding payment and bankruptcy).
Exchange offers and consent solicitations expired; no longer open to participation.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONSTELLATION ENERGY GENERATION LLC incurred senior notes of $2,289,722,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 4.625% per year, 5.000% per year, and 3.750% per year maturing February 1, 2029; February 1, 2031; and March 1, 2031.

Instrument: senior notes
Principal: $2,289,722,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 4.625% per year, 5.000% per year, and 3.750% per year
Maturity: February 1, 2029; February 1, 2031; and March 1, 2031
Event: incurrence

Exact text from the filing

events of default, other than payment-related and bankruptcy-related events of default (the “Proposed Amendments”). Pursuant to the Exchange Offers and Consent Solicitations, $2,289,722,000 aggregate principal amount of Calpine Notes were validly tendered and subsequently accepted. Such accepted Calpine Notes have been retired and canceled and will not be reissued.

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Source: SEC EDGAR

accession 0001868275-26-000009

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