Calpine Mulls Sale of its Assets

Calpine Mulls Sale of its Assets

May 11, 2017

by Margarita Fournier, Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 5/10/17, SeekingAlpha noted a report by the Wall Street Journal that Calpine (CPN +14.1%), one of the biggest U.S. power generators, is working with Lazard to sound out potential buyers.” The company “has attracted interest from a number of P-E firms in an auction that is at an early stage, according to the report. CPN has a current market value of $4.2B; at the end of March, it had ~$12B of debt, which the company has been trying to pare down.” Calpine’s stock rose after the news came out.

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