Deals of the year 1999: US

Bonds Syndicated loans Mergers and Acquisitions Equity

Bonds        Syndicated loans        Mergers and Acquisitions        Equity       

Project finance

Issuer: Calpine

Lead manager: CSFB

Amount: $1 billion revolving loan facility

Date: May 3 1999

Project finance has taken a bit of a hammering of late. All those wonderful trips abroad checking out deals have fallen by the wayside as emerging-market countries deal with the aftermath of the Asian and Russian financial meltdowns.

So back to domestic deals, please, and let’s try to make them a bit more efficient. That, at least is what CSFB has been trying to do with a structure to enable power companies to set up revolving credit facilities for multiple power-plant development.

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