Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion in Calpine debt. The total value of the deal will be about $26.6 billion.

Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies.

Or at least acquire them in a landmark $26.6 billion deal. That rationale was why Calpine, Houston’s largest private company, was a such an attractive buy, Joseph Dominguez, CEO of Baltimore ...

More Bonds of Calpine Corp. Moody’s Daily Credit Risk Score About the Calpine Corp.-Bond (US131347CR51) The Calpine Corp.-Bond has a maturity date of 3/1/2031 and offers a coupon of 3.7500%.