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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): January 26, 2000
CALPINE CORPORATION
(A Delaware Corporation)
Commission File Number: 033-73160
I.R.S. Employer Identification No. 77-0212977
50 West San Fernando Street
San Jose, California 95113
Telephone: (408) 995-5115
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ITEM 5. OTHER EVENTS
On January 26, 2000, Calpine Corporation, a Delaware corporation, announced
the offering of approximately $360 million of convertible preferred securities
in a private placement, priced to yield 5 1/2%, with a conversion premium of
approximately 27%.
(C) Exhibits.
99.0 Press release dated January 26, 2000 announcing preferred security
offering.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CALPINE CORPORATION
By: /s/ Charles B. Clark, Jr.
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Charles B. Clark, Jr.
Vice President and Controller
Chief Accounting Officer
February 8, 2000
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EXHIBIT 99.0
NEWS RELEASE
Contact: 408/995-5115
Media Relations: Bill Highlander, X1244
Investor Relations: Rick Barraza, X1125
Calpine Announces Pricing of Up to $360 Million of
Convertible Preferred Securities
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 26, 2000--Calpine Corporation
(NYSE:CPN - news), the San Jose-based power company, announced today that it has
agreed to issue up to $360 million of convertible preferred securities in a
private placement, priced to yield 5 1/2%, with a conversion premium of
approximately 27%.
Proceeds from the offering will be used to finance the company's power
plant development and construction program.
The convertible preferred securities have not been 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.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities
in any state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state.
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