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 Exchange Act of 1934
Date of Report (Date of earliest event reported): March 10, 2004
CALPINE CORPORATION
(A Delaware Corporation)
Commission File Number: 001-12079
I.R.S. Employer Identification No. 77-0212977
50 West San Fernando Street
San Jose, California 95113
Telephone: (408) 995-5115
ITEM 5. OTHER EVENTS
NEWS RELEASE CONTACTS: 408-995-5115
Media Relations: Katherine Potter, x1168
Investor Relations: Rick Barraza, x1125
Calpine Corporation Completes Tender Offer for
4% Convertible Senior Notes
(SAN JOSE, Calif.) /PR Newswire - First Call/ March 10, 2004 - Calpine
Corporation (NYSE: CPN) today announced that it has accepted for payment
$409,434,000 aggregate principal amount of its 4% Convertible Senior Notes Due
December 26, 2006 (the "Notes"), pursuant to its cash tender offer. Each holder
who tendered Notes at or before 5:00 p.m., New York City time, on March 9, 2004,
the expiration date of the tender offer, will receive approximately $1,008.22
for each $1,000 principal amount of tendered Notes, representing 100% of the
principal amount thereof plus accrued but unpaid interest to, but not including,
March 10, 2004. Calpine will pay an aggregate of $412,800,457 for the tendered
Notes. Notes in the aggregate principal amount of $73,625,000 remain
outstanding.
Calpine Corporation, celebrating its 20th year in power in 2004, is a
leading North American power company dedicated to providing electric power to
wholesale and industrial customers from clean, efficient, natural gas-fired and
geothermal power facilities. The company generates power at plants it owns or
leases in 21 states in the United States, three provinces in Canada and in the
United Kingdom. Calpine is also the world's largest producer of renewable
geothermal energy, and owns or has access to approximately one trillion cubic
feet equivalent of proved natural gas reserves in Canada and the United States.
The company was founded in 1984 and is publicly traded on the New York Stock
Exchange under the symbol CPN. For more information about Calpine, visit
www.calpine.com.
SIGNATURES
Pursuant to the requirements of the Securities 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.
-------------------------
Charles B. Clark, Jr.
Senior Vice President and Controller
Chief Accounting Officer
Date: March 10, 2004