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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