White & Case Advises Calpine in $158 Million Secondary Offering

New York, May 5, 2009 ... Global law firm White & Case LLP represented Calpine Corporation, a major US power company, in connection with the sale of 20,000,000 shares of its common stock in a registered public secondary offering by stockholder Harbinger Capital Partners Master Fund I, Ltd. The shares were sold for $7.9032 per share for aggregate proceeds of $158 million. The offering, which was completed on April 29, 2009, was underwritten by Morgan Stanley.

"We are delighted to have assisted Calpine in working with Harbinger and Morgan Stanley to quickly and efficiently bring this offering to market," Michael Shenberg, partner in the Mergers & Acquisitions Practice of White & Case.

In addition to Michael Shenberg and Colin Diamond, the White & Case team advising Calpine included associates Patrick Rosenthal, Marten Olsson and Toren Murphy.

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