Thursday, June 21, 2007

Calpine shares up after reorganization plan filed

(Reuters) - Calpine, which filed for bankruptcy in December 2005 weighed down by more than $22 billion in debt and court fights with creditors over how to use its cash, said unsecured creditors may receive nearly all of their allowed claims.




In other main points from the plan, Calpine expects to receive up to $8 billion in exit financing from Goldman Sachs and other banks.


Read more at Reuters.com Hot Stocks News

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