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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) MARCH 26, 1998
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CALPINE CORPORATION
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(Exact name of registrant as specified in charter)
DELAWARE 033-73160 77-0212977
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
50 WEST SAN FERNANDO STREET, SAN JOSE, CALIFORNIA 95113
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 995-5115
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NONE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On March 26, 1998, the registrant announced in a press release
that it has priced a Rule 144A offering of $300 million principal amount of
Senior Notes Due 2008. A copy of the press release issued in connection with
this announcement is incorporated herein by reference and is attached hereto as
Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
EXHIBIT NO. EXHIBIT
99 Press Release dated March 26, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
CALPINE CORPORATION
DATE: March 30, 1998 By:
/s/ Ann B.Curtis
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Name: Ann B. Curtis
Title: Senior Vice President
2.
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EXHIBIT INDEX
EXHIBIT NO. EXHIBIT
99 Press Release dated March 26, 1998.
3.
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NEWS RELEASE Contact: Rick Barraza
408-995-5115, ext. 1125
CALPINE PRICES RULE 144A OFFERING FOR $300 MILLION OF 7 7/8%
SENIOR NOTES DUE 2008
(SAN JOSE, CA)--March 26, 1998--Calpine Corporation [NYSE:CPN],
the San Jose, CA-based power company, announced today that it has priced its
Rule 144A offering of $300 million principal amount of 7 7/8% Senior Notes Due
2008.
The Company increased the principal amount of the offering from
the $200 million previously announced. Calpine expects to close the sale of the
Senior Notes on March 31, 1998.
The Company expects to use the proceeds from the offering to
refinance existing indebtedness and for general corporate purposes, including
the acquisition and development of power generation facilities.
The Senior Notes will not be registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements.
Calpine Corporation is a leading power company dedicated to
providing customers with low-cost electricity and thermal energy. The company
was founded in 1984 and is publicly traded on the New York Stock Exchange under
the symbol CPN. For more information on Calpine, visit its website at
www.calpine.com.
