Calpine Corporation (CPN) to Acquire NAES in ~$900M Deal
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Calpine to Acquire Noble Americas Energy Solutions, Significantly Enhancing Retail Energy Platform
October 9, 2016 7:10 PM EDTStrategic and Financial Highlights:
Best-in-class commercial and industrial retail electricity provider in the U.S. Complements Calpines existing wholesale power generation footprint Approx. $700 million net cash deployed represents approx. 5x Adjusted EBITDA Highly free cash flow and credit accretive transactionHOUSTON--(BUSINESS WIRE)-- Calpine Corporation (NYSE: CPN) announced today that it has entered into an agreement to purchase Noble Americas Energy Solutions, LLC (NAES), the nations largest independent supplier of... More
