Calpine extends credit facility's maturation date

AP News
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Posted: Dec 17, 2009 2:09 PM

Power company Calpine Corp. said Thursday that it has extended the maturation date for a $150 million credit agreement by nearly two years.

The Calpine Development Holdings Inc. facility, which was set to mature in January 2010, will now mature in December 2012.

Calpine also has an option to boost the facility's size to up to $200 million.

The company's stock fell 6 cents to $11.31 in afternoon trading.