Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Asian Legal Business Again Recognizes Ning Zhang Among the Top Dealmakers in Asia
PHILADELPHIA, Pennsylvania, Dec. 24 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
* * *
Asian Legal Business Again Recognizes Ning Zhang Among the Top Dealmakers in Asia
*
HONG KONG, December 24, 2025: Partner Ning Zhang has been named to Asian Legal Business 's 2025 Dealmakers of Asia list. This marks the third consecutive year he has been recognized among the region's most influential and accomplished legal professionals who have made significant contributions to the dynamic landscape of Asian business law and are shaping the future of dealmaking
... Show Full Article
PHILADELPHIA, Pennsylvania, Dec. 24 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
* * *
Asian Legal Business Again Recognizes Ning Zhang Among the Top Dealmakers in Asia
*
HONG KONG, December 24, 2025: Partner Ning Zhang has been named to Asian Legal Business 's 2025 Dealmakers of Asia list. This marks the third consecutive year he has been recognized among the region's most influential and accomplished legal professionals who have made significant contributions to the dynamic landscape of Asian business law and are shaping the future of dealmakingacross the continent.
Ning advises clients on transactions involving mergers and acquisitions, private equity, venture capital, and capital markets, including in the United States and Hong Kong. He has handled complex cross-border transactions involving both private and listed companies and represents international financial institutions, private equity funds, and multinational corporations in investments, acquisitions, and divestments throughout the Greater China region. Ning also focuses on emerging business matters, counseling Chinese companies through all stages of their lifecycle.
See the complete Dealmakers of Asia 2025 list >
In Hong Kong, Morgan, Lewis & Bockius is a separate Hong Kong general partnership registered with The Law Society of Hong Kong.
***
Original text here: https://www.morganlewis.com/news/2025/12/asian-legal-business-again-recognizes-ning-zhang-among-the-top-dealmakers-in-asia
New Year, New Skill: Master the Art of British Country Living at Four Seasons Hotel Hampshire in 2026, with an Array of Activities
TORONTO, Ontario, Dec. 23 [Category: TravelBiz] -- Four Seasons Hotels and Resorts posted the following news release:
* * *
New Year, New Skill: Master the Art of British Country Living at Four Seasons Hotel Hampshire in 2026, with an Array of Activities
*
Begin the year with tradition and timeless luxury in the heart of the English countryside. As the new year inspires a renewed focus on self-improvement, mindful living and meaningful experiences, Four Seasons Hotel Hampshire invites guests to embrace a new skill in one of Britain's most elegant settings.
Set within 200 hectares (500 acres)
... Show Full Article
TORONTO, Ontario, Dec. 23 [Category: TravelBiz] -- Four Seasons Hotels and Resorts posted the following news release:
* * *
New Year, New Skill: Master the Art of British Country Living at Four Seasons Hotel Hampshire in 2026, with an Array of Activities
*
Begin the year with tradition and timeless luxury in the heart of the English countryside. As the new year inspires a renewed focus on self-improvement, mindful living and meaningful experiences, Four Seasons Hotel Hampshire invites guests to embrace a new skill in one of Britain's most elegant settings.
Set within 200 hectares (500 acres)of rolling Hampshire parkland, the hotel offers an inspired alternative to the typical new year reset as more guests look to combine downtime with learning something new in 2026. At Four Seasons Hampshire, guests can swap resolutions for real experiences, trying their hand at classic country pursuits with expert guidance, all at a pace that is relaxed and unhurried.
Across the estate, guests can dip into a variety of outdoor pursuits designed to inspire, engage and simply be enjoyed:
Horse-Riding (Hack)
Set against the stunning backdrop of Four Seasons Hotel Hampshire parkland, the top-tier Equestrian Centre offers relaxed hacks through the beautiful English countryside, perfect for riders of all levels. The team will ensure the hack matches the ability of each guest, and for those with a bit more experience, longer rides offer the chance to canter and take the reins for a more exhilarating adventure. Guests must be four years or older to participate, and the maximum weight for a single rider is 100 kilograms (220 pounds).
Clay Pigeon Shooting
A quintessential British pursuit, clay pigeon shooting at Four Seasons Hotel Hampshire takes place across five individual platforms, each designed to mirror the flight of different birds. Under the guidance of expert trainers, guests refine their technique, focus and aim - finding satisfaction in every successful shot as the echo of the countryside surrounds them. Available for guests aged 10 and above.
Archery
For those seeking calm concentration with a sense of tradition, archery offers a meditative yet rewarding challenge. Using state-of-the-art recurve bows, guests of all experience levels can learn the fundamentals or perfect their form, releasing arrow after arrow towards the bull's-eye with expert instruction throughout. Available for guests aged eight and above, with adult supervision for those under 16.
Axe Throwing
Blending modern fun with rustic charm, axe throwing is easy to learn and incredibly addictive. With guidance from expert instructors, guests take aim at metre-wide (40 inch) wooden targets, scoring points with every satisfying throw. Suitable for ages eight and up, with adult supervision required for children under 16.
Fly Fishing Tuition
For a more contemplative new year pursuit, fly fishing at the Orchard Pond invites guests to slow down and reconnect with nature. Led by a fully qualified instructor, guests learn casting techniques and the art of reeling in trout on a catch-and-release basis - experience rooted in patience, presence and quiet achievement. Suitable for guests aged 8 and above with adult supervision.
As 2026 begins, Four Seasons Hotel Hampshire redefines the New Year reset - offering guests the chance to leave with more than just rest, but with a new skill, a renewed sense of purpose, and memories rooted in the very best of British country life.
Four Seasons Hotel Hampshire
Beyond its outdoor experiences, Four Seasons Hotel Hampshire is a refined countryside retreat where Georgian elegance meets contemporary comfort. Guests can unwind in spacious rooms and suites, indulge in exceptional dining, or restore body and mind in the spa. Families are equally welcomed, with younger guests able to enjoy pony rides with the much-loved Shetland ponies, Milo and Dougal, or explore the estate through adventure-led activities including laser tag as well as the kids club. Every detail is designed to ensure that learning, leisure and luxury coexist seamlessly.
***
Original text here: https://press.fourseasons.com/hampshire/hotel-news/2025/country-pursuits
NPR broadcasts New Year's Day from Vienna for 2026
WASHINGTON, Dec. 23 [Category: BizMedia] -- NPR [National Public Radio] posted the following news release:
* * *
NPR broadcasts New Year's Day from Vienna for 2026
*
December 23, 2025; Washington, DC The Vienna Philharmonic will perform their famous New Year's Day concert from the renowned Musikverein in Vienna on January 1, 2026.
The concert will be conducted by Yannick Nezet-Seguin, in his first Vienna New Year's Day appearance. Since his debut with the Philharmonic in 2010, he has appeared with the orchestra nearly three dozen times, including a pair of US tours, including one to California
... Show Full Article
WASHINGTON, Dec. 23 [Category: BizMedia] -- NPR [National Public Radio] posted the following news release:
* * *
NPR broadcasts New Year's Day from Vienna for 2026
*
December 23, 2025; Washington, DC The Vienna Philharmonic will perform their famous New Year's Day concert from the renowned Musikverein in Vienna on January 1, 2026.
The concert will be conducted by Yannick Nezet-Seguin, in his first Vienna New Year's Day appearance. Since his debut with the Philharmonic in 2010, he has appeared with the orchestra nearly three dozen times, including a pair of US tours, including one to Californiain March of 2025.
As it has for decades now, the encores feature the most famous waltz ever, From the Beautiful Blue Danube, as well as the Radetzky March by Johann Strauss Senior.
NPR Music has offered the complete New Year's Day concert to American public radio stations since 2003. This annual production is widely recognized as the largest live classical radio concert, having been broadcast by 391 stations last year alone.
The NPR production crew includes host Lisa Mullins of NPR Member station WBUR (her 19th New Year's Day broadcast), NPR engineer Andie Heuther (her first broadcast) and producer Brian Bell (his 28th broadcast as producer).
New Year's Day from Vienna 2026 program:
Johann Strauss Jr.: Indigo and the Forty Thieves : Overture
Carl Michael Ziehrer: Danube Legends, Waltz Op. 446
Josef Lanner: Malapou Galop Op. 148
Eduard Strauss: Devil's Brew, Op. 154
Johann Strauss Jr.: Fledermaus Quadrille, Op. 363
Johann Strauss Sr.: Carnival in Paris, Op. 100
Part 2
Franz von Suppe: The Beautiful Galatea : Overture
Josephine Weinlich, arr. W. Dorner: Siren Songs, Op. 13
Josef Strauss: Woman's Dignity, Waltz Op. 277
Johann Strauss Jr.: Diplomat's Polka, Op. 448
Florence Price, arr. W. Dorner: Rainbow Waltz
Hans Christian Lumbye: Copenhagen Steam Railway Galop
Johann Strauss Jr.: Roses from the South, Waltz, Op. 388
Johann Strauss Jr.: Egyptian March, Op. 335
Josef Strauss: Olive Branches, Waltz, Op. 207
Encores
Philipp Fahrbach: Circus, Op.110 *
Johann Strauss Jr.: On the Beautiful Blue Danube, Waltz, Op. 314
Johann Strauss Sr.: Radetzky March, Op. 228 (Arrangement: Vienna Philharmonic)
* First performance at a New Year's Concert by the Vienna Philharmonic
About NPR:
NPR's rigorous reporting and unsurpassed storytelling connect with millions of Americans every day on the air, online, and in person. NPR was founded on a mission to create a more informed public one challenged and invigorated by a deeper understanding and appreciation of events, ideas, and cultures. With a nationwide network of award-winning journalists and more than a dozen international bureaus, NPR and its Member organizations are never far from where a story is unfolding. Listeners and readers can find NPR everywhere through their local Member stations ( npr.org/stations ), online at NPR.org, wherever podcasts are available, and by downloading the NPR App. The NPR app brings together the best of the NPR Network from around the world and right in your community live radio, podcasts, the latest local and national news and more available wherever you are and whenever you want. Get more information at npr.org/about and by following NPR Extra on Facebook, LinkedIn, Threads, and Instagram.
Sponsor Message
About NPR Music:
For more than a decade, NPR Music's robust music journalism and award-winning original video programming has delighted millions of music fans from all genres. NPR Music collaborates with NPR's news magazines, public radio Member stations and the passionate listener community to celebrate exceptional music and discover emerging artists. Visit NPRMusic.org to find the complete Tiny Desk concert series, music feature stories, podcasts, extensive archives of performances, interviews and music reviews. Connect with NPR Music on Facebook and Instagram.
Press Contact:
Yanius Alvarado Matos
MediaRelations@npr.org
***
Original text here: https://www.npr.org/2025/12/23/g-s1-103440/npr-broadcasts-new-years-day-from-vienna-for-2026
How Torsten Gross Turns Performance Into Purpose Behind the Wheel of a Volkswagen GTI
HERNDON, Virginia, Dec. 23 -- Volkswagen Group of America issued the following news release on Dec. 22, 2025:
* * *
How Torsten Gross turns performance into purpose behind the wheel of a Volkswagen GTI
* Volkswagen provided Just Hands Foundation a 2025 Golf GTI, which the Foundation has since adapted for hand-controlled driving
* Brand ambassador Torsten Gross video debuts on Volkswagen digital channels
*
In a new video released today, Volkswagen spotlights brand ambassador Torsten Gross's journey, from a transformative track day gift from his wife to finding his ultimate goal: to give other
... Show Full Article
HERNDON, Virginia, Dec. 23 -- Volkswagen Group of America issued the following news release on Dec. 22, 2025:
* * *
How Torsten Gross turns performance into purpose behind the wheel of a Volkswagen GTI
* Volkswagen provided Just Hands Foundation a 2025 Golf GTI, which the Foundation has since adapted for hand-controlled driving
* Brand ambassador Torsten Gross video debuts on Volkswagen digital channels
*
In a new video released today, Volkswagen spotlights brand ambassador Torsten Gross's journey, from a transformative track day gift from his wife to finding his ultimate goal: to give otherpeople with mobile disabilities the courage and opportunity to pursue high-performance driving. Gross has become a respected figure in the motorsports community, changing perceptions of what's possible behind the wheel.
At just 15 years old in 1994, Gross sustained a C-6 level spinal cord injury that resulted in quadriplegia. Although it altered his life physically, it didn't change his innate desire for speed, precision, and extreme activities. Cut to 2025, and Gross is an accomplished Rescue Scuba Diver, marathoner, and more recently, competitive race-car driver.
Volkswagen recently provided a 2025 GTI to Gross's non-profit, Just Hands Foundation, which provides opportunities for disabled drivers to experience high performance vehicles and precision driving with hand controls. Volkswagen debuted the Foundation's GTI at a special screening of the new docuseries, "Just Hands: For the Love of Racing," which chronicles Gross' motorsports journey as a quadriplegic race-car driver.
"On the racetrack, the car doesn't care that I use a wheelchair," said Gross. "That feeling of equality and freedom is what we want others to experience. Volkswagen has supported not only me, but a vision for a more inclusive future of driving. I'm honored to bring that to life both on screen and on the road."
Gross has also been working closely with Volkswagen's internal teams, providing expert consulting on the Driver Access Program and advising broader disability awareness and inclusion strategies for product design and customer experience.
"We believe everyone should experience the joy of driving, and Torsten embodies that spirit with every mile he covers," said Rachael Zaluzec, SVP of Marketing & Customer Experience for Volkswagen of America. "Our collaboration is a celebration of mobility, representation and what's possible when innovation meets purpose."
Watch the full video on Torsten's story here: https://youtu.be/bNrwMi9iF4w
Working with Torsten showcases Volkswagen's ongoing efforts to expand adaptive solutions across its vehicle lineup and promote accessibility through meaningful collaborations. For more information on the Driver Access Program, visit https://www.vw.com/en/owners-and-services/ownership-benefits/driver-access-program.html.
For more information on Just Hands Foundation, please visit JustHands.org.
* * *
About Volkswagen
Volkswagen of America, Inc. is an operating unit of Volkswagen Group of America, which is a subsidiary of Volkswagen AG. Headquartered in Reston, Virginia, Volkswagen of America sells the Atlas, Atlas Cross Sport, Golf GTI, Golf R, ID.4, ID. Buzz, Jetta, Jetta GLI, Taos, and Tiguan vehicles through more than 600 independent U.S. dealers. Volkswagen Group of America operates a state-of-the-art assembly facility in Chattanooga, Tennessee which produces Volkswagen brand vehicles including the Atlas, Atlas Cross Sport, and the ID.4. The global Volkswagen Group is one of the world's largest producers of passenger cars and Europe's largest automaker. Learn more at www.vw.com or media.vw.com.
* * *
Original text here: https://media.vw.com/releases/1898
[Category: BizTransportation]
ESPN NBA schedule update: Denver Nuggets visit Boston Celtics on January 7
BRISTOL, Connecticut, Dec. 23 [Category: BizMedia] -- ESPN, a sports media company, posted the following news release:
* * *
ESPN NBA schedule update: Denver Nuggets visit Boston Celtics on January 7
*
ESPN today announced an update to its 2025-26 NBA regular-season schedule. On Wednesday, January 7, the Boston Celtics and Jaylen Brown will host the Denver Nuggets, led by three-time NBA MVP and the league's rebounding and assist leader Nikola Jokic, at 7 p.m. ET on ESPN Presented by State Farm.
This matchup replaces the previously scheduled Milwaukee Bucks vs. Golden State Warriors game.
... Show Full Article
BRISTOL, Connecticut, Dec. 23 [Category: BizMedia] -- ESPN, a sports media company, posted the following news release:
* * *
ESPN NBA schedule update: Denver Nuggets visit Boston Celtics on January 7
*
ESPN today announced an update to its 2025-26 NBA regular-season schedule. On Wednesday, January 7, the Boston Celtics and Jaylen Brown will host the Denver Nuggets, led by three-time NBA MVP and the league's rebounding and assist leader Nikola Jokic, at 7 p.m. ET on ESPN Presented by State Farm.
This matchup replaces the previously scheduled Milwaukee Bucks vs. Golden State Warriors game.
Following the game, at 9:30 p.m., ESPN will televise a star-studded matchup Presented by State Farm as the Los Angeles Lakers, led by LeBron James and league scoring leader Luka Doncic, visit the San Antonio Spurs and Victor Wembanyama. The matchup moves from its previous 7:30 p.m. start time.
NBA Countdown precedes the doubleheader at 6:30 p.m. on ESPN.
All ESPN games are also available to stream via the ESPN App.
ESPN continues its annual NBA on Christmas Day tradition on Thursday, December 25, with 14 consecutive hours of live NBA coverage, featuring a blockbuster 5-game slate presented by State Farm available across ABC, ESPN and the new ESPN App, streaming via ESPN DTC or pay TV authentication.
For ESPN's NBA Christmas schedule, visit ESPNPressRoom.com.
All of ESPN. All in One Place.
ESPN offers its full suite of networks and services directly to fans on the ESPN App, providing more choice, flexibility and access to all of ESPN, including more than 47,000 live events per year, on-demand replays, industry-leading studio shows and original programming, and more. The ESPN App gives fans a unique viewing experience that includes multiview and synchronized two-screen viewing options, swipe-able vertical video and a personalized SportsCenter For You, as well as integrated game stats, ESPN Fantasy sports, betting odds and information from DraftKings, sports merchandise, and more. These features are available to all fans who watch on the ESPN App on mobile and connected TV devices, whether they subscribe directly or through a pay TV package. Bundling options available for fans include a limited time offer for the ESPN DTC Unlimited plan with Disney+ and Hulu for $29.99/month for the first 12 months. For more visit stream.espn.com.
ESPN media contacts: ben.cafardo@espn.com and ronce.rajan@espn.com.
-30-
***
Original text here: https://espnpressroom.com/us/press-releases/2025/12/espn-nba-schedule-update-denver-nuggets-visit-boston-celtics-on-january-7/
Constellation Announces Extension of Expiration for Private Exchange Offers and Consent Solicitations and Early Tender Results
BALTIMORE, Maryland, Dec. 23 [Category: BizEnergy] -- Constellation, a retail supplier of power, natural gas and energy products and services for homes and businesses, posted the following news release:
* * *
Constellation Announces Extension of Expiration for Private Exchange Offers and Consent Solicitations and Early Tender Results
*
BALTIMORE - December 23, 2025 - Constellation Energy Generation, LLC ("Constellation"), a Pennsylvania limited liability company, announced today that it has extended the expiration date of (A) its previously announced private offers to exchange any and all of
... Show Full Article
BALTIMORE, Maryland, Dec. 23 [Category: BizEnergy] -- Constellation, a retail supplier of power, natural gas and energy products and services for homes and businesses, posted the following news release:
* * *
Constellation Announces Extension of Expiration for Private Exchange Offers and Consent Solicitations and Early Tender Results
*
BALTIMORE - December 23, 2025 - Constellation Energy Generation, LLC ("Constellation"), a Pennsylvania limited liability company, announced today that it has extended the expiration date of (A) its previously announced private offers to exchange any and all ofthe outstanding (i) 4.625% Senior Unsecured Notes due 2029 ("Existing Unsecured 2029 Notes"), (ii) 5.000% Senior Unsecured Notes due 2031 ("Existing Unsecured 2031 Notes") and (iii) 3.750% Senior Secured Notes ("Existing Secured 2031 Notes" and, together with the Existing Unsecured 2029 Notes and the Existing Unsecured 2031 Notes, the "Calpine Notes") issued by Calpine Corporation, a Delaware corporation ("Calpine"), held by eligible holders for, to the extent held by eligible holders, newly issued (i) 4.625% Senior Unsecured Notes due 2029 ("New Unsecured 2029 Notes"), (ii) 5.000% Senior Unsecured Notes due 2031 ("New Unsecured February 2031 Notes") and (iii) 3.750% Senior Unsecured Notes due 2031 ("New Unsecured March 2031 Notes," and, together with the New Unsecured 2029 Notes and New Unsecured February 2031 Notes, the "Constellation Notes") by Constellation having the same interest payment dates, maturity dates and interest rates as the Calpine Notes (each, an "Exchange Offer", and collectively, the "Exchange Offers") and (B) Constellation's related solicitation of consents, on behalf of Calpine (the "Consent Solicitations"), to adopt the Proposed Amendments (as defined below), pursuant to the terms and subject to the conditions set forth in an exchange offers memorandum and consent solicitations statement, dated December 9, 2025 (the "Offering Memorandum").
Constellation has extended the expiration date of the Exchange Offers and Consent Solicitations, which was originally scheduled to be 5:00 p.m., New York City time, on January 8, 2026, to 5:00 p.m., New York City time, on January 12, 2026, unless such date is extended or earlier terminated (such date and time, as they may be extended, the "Amended Expiration Date"). Constellation reserves the right to terminate, withdraw, amend or extend the Exchange Offers and Consent Solicitations in its sole discretion, subject to the terms and conditions set forth in the Offering Memorandum. The withdrawal deadline remains unchanged and has passed. As a result, any Calpine Notes tendered after 5:00 p.m., New York City time, on December 22, 2025 (the "Early Tender Deadline") and on or prior to the Amended Expiration Date may not be withdrawn and the related consents delivered in the Consent Solicitations may not be revoked, except in certain limited circumstances where additional withdrawal rights are required by law.
Constellation also announced that it has received, on behalf of Calpine, the requisite consents to amend the Calpine Notes and the indentures governing the Calpine Notes (the "Calpine Indentures") to eliminate substantially all of the restrictive covenants and events of default, other than payment-related and bankruptcy-related events of default (collectively, the "Proposed Amendments"), based on the early tender results. As of 5:00 p.m., New York City time, on the Early Tender Deadline, (i) $646,822,000 in aggregate principal amount of Existing Unsecured 2029 Notes, representing approximately 99.51% of the aggregate principal amount of Existing Unsecured 2029 Notes outstanding, had been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked), (ii) $846,337,000 in aggregate principal amount of Existing Unsecured 2031 Notes, representing approximately 99.57% of the aggregate principal amount of Existing Unsecured 2031 Notes outstanding, had been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked) and (iii) $794,462,000 in aggregate principal amount of Existing Secured 2031 Notes, representing approximately 88.27% of the aggregate principal amount of Existing Secured 2031 Notes outstanding, had been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked).
Constellation intends for Calpine and the trustee for the Calpine Indentures to execute and deliver supplemental indentures to amend the Calpine Indentures giving effect to the Proposed Amendments. However, the Proposed Amendments will only become operative on the settlement date of the Exchange Offers, which is expected to occur on or about the third business day after the Amended Expiration Date, unless Constellation extends or terminates the Exchange Offers (such date and time, as the same may be extended, the "Settlement Date"), and no earlier than the consummation of the previously announced merger transaction contemplated by that certain Agreement and Plan of Merger, dated as of January 10, 2025, by and among Constellation Energy Corporation and Calpine (the "Transaction"). Consents of the holders of at least 66-2/3% in aggregate principal amount of the Existing 2031 Secured Notes have been received, and therefore the Proposed Amendments will also provide that the Existing Secured 2031 Notes Indenture will be amended to eliminate the security interest granted thereunder and to release the collateral securing the Existing 2031 Secured Notes.
For each $1,000 principal amount of Calpine Notes validly tendered in the Exchange Offers, not validly withdrawn by the Early Tender Deadline and accepted for exchange, the eligible holder of such Calpine Notes will receive Constellation Notes in an equal principal amount as the tendered Calpine Notes and cash consideration (the "Cash Consideration" and, together with such amount of Constellation Notes, the "Total Exchange Consideration") of approximately (i) $1.00 per $1,000 principal amount of Calpine Notes (with respect to the Existing Unsecured 2029 Notes), (ii) $1.00 per $1,000 principal amount of Calpine Notes (with respect to the Existing Unsecured 2031 Notes) and (iii) $2.83 per $1,000 principal amount of Calpine Notes (with respect to the Existing Secured 2031 Notes).
Eligible holders who validly tender their Calpine Notes after the Early Tender Deadline but on or prior to the Amended Expiration Date will be eligible to receive $970 principal amount of the Constellation Notes per $1,000 principal amount of Calpine Notes validly tendered but no Cash Consideration (the "Exchange Consideration").
Interest on the Constellation Notes will accrue from (and including) the last interest payment date on which interest was paid on the Calpine Notes, and, accordingly, no accrued interest will be paid on the Settlement Date in respect of Calpine Notes accepted for exchange, except with respect to cash paid in lieu of Constellation Notes not delivered, as described below.
The Constellation Notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. No tender of Calpine Notes will be accepted if it would result in the issuance of less than $2,000 principal amount of the Constellation Notes. If the principal amount of Constellation Notes that would otherwise be required to be delivered in exchange for a tender of Calpine Notes would not equal $2,000 or an integral multiple of $1,000 in excess thereof, then the principal amount of such Constellation Notes will be rounded down to $2,000 or the nearest integral multiple of $1,000 in excess thereof, and Constellation will pay cash (in lieu of such Constellation Notes not delivered) equal to the remaining portion of the Exchange Consideration for such Calpine Notes plus accrued and unpaid interest with respect to that portion to, but not including, the Settlement Date.
Constellation's obligation to accept and exchange the Calpine Notes validly tendered pursuant to the Exchange Offer is subject to certain conditions as set forth in the Offering Memorandum. The Exchange Offers and Consent Solicitations are not conditioned upon any minimum aggregate principal amount of Calpine Notes being validly tendered for exchange, but are conditioned upon, among others, the consummation of the Transaction. Other than the consummation of the Transaction (without which the Exchange Offers will not be consummated, neither the Exchange Consideration nor the Total Exchange Consideration will be paid, nor will the Proposed Amendments take effect), Constellation may generally waive any condition with respect to the Exchange Offers and Consent Solicitations, in its sole discretion, at any time.
The Exchange Offers are being made only to holders of Calpine Notes who satisfy the eligibility conditions described under "Disclaimer" below. Holders of Calpine Notes who desire a copy of the eligibility letter should contact D.F. King & Co., Inc., the information agent and exchange agent for the Exchange Offers and Consent Solicitations, at (866) 796-3441 or via e-mail at CEG@dfking.com. Banks and brokers should call (212) 448-4476. Eligible holders may go to www.dfking.com/CEG to confirm their eligibility. D.F. King & Co., Inc. will also provide copies of the Offering Memorandum to eligible holders of Calpine Notes.
Holders of Calpine Notes are advised to check with any bank, securities broker or other intermediary through which they hold Calpine Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in, the Exchange Offers and Consent Solicitations before the deadlines specified herein and in the Offering Memorandum. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum.
Disclaimer
This press release is neither an offer to sell nor the solicitation of an offer to buy the Constellation Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful. The Exchange Offers have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction, and, accordingly, the Constellation Notes will be subject to transfer restrictions unless and until the Constellation Notes are registered or exchanged for registered notes. The Constellation Notes will be issued in reliance upon exemptions from, or in transactions not subject to, registration under the Securities Act. The Exchange Offers are being made only to, and the Constellation Notes will be offered for exchange only to, holders of Calpine Notes who are (i) reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, and (ii) outside the United States, persons who are not, and who are not acting for the account or benefit of, "U.S. persons" (as defined in Rule 902 under the Securities Act) in compliance with Regulation S under the Securities Act. The Constellation Notes will not be offered or sold in the United States or to U.S. persons (as defined in Rule 902 under the Securities Act) unless the transaction is registered under the Securities Act, an exemption from the registration requirements of the Securities Act is available or the transaction is not subject to registration under the Securities Act.
The Exchange Offers and Consent Solicitations are being made only pursuant to the Offering Memorandum. The Offering Memorandum and other documents relating to the Exchange Offers and Consent Solicitations will be distributed only to holders of Calpine Notes who confirm that they are within the categories of eligible participants in the Exchange Offers. None of Constellation, the dealer managers and solicitation agents, the exchange agent, the information agent, the trustees for the Constellation Notes or the Calpine Notes, their respective affiliates, or any other person is making any recommendation as to whether holders should tender their Calpine Notes in the Exchange Offer or consent to the Proposed Amendments in the Consent Solicitation.
This press release, the Offering Memorandum and any other offering material relating to the Exchange Offers are not being made, and have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, this press release, the Offering Memorandum and any other offering material relating to the Exchange Offers are only being distributed to and are only directed at: (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom who have professional experience in matters relating to investments who fall within the definition of investment professionals as defined within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order") or (iii) high net worth entities and other persons who fall within Article 49(2)(a) to (d) of the Order (all such persons together being referred to for purposes of this paragraph as "relevant persons"). The Constellation Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the Offering Memorandum or any of its contents and may not participate in the Exchange Offers.
The complete terms and conditions of the Exchange Offers and Consent Solicitations are set forth in the Offering Memorandum. The Exchange Offers are only being made pursuant to the Offering Memorandum. The Exchange Offers are not being made to holders of Calpine Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Neither the Securities and Exchange Commission nor any other regulatory body has registered, recommended or approved of the Constellation Notes or passed upon the accuracy or adequacy of the Offering Memorandum.
About Constellation
Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the nation's largest producer of reliable, emissions-free energy and a leading energy supplier to businesses, homes and public sector customers nationwide, including three-fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation's largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy. We are committed to investing in innovative technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.
Cautionary Statements Regarding Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the proposed Transaction between Constellation Energy Corporation and Calpine Corporation, the expected closing of the proposed Transaction and the timing thereof. This includes statements regarding the financing of the proposed Transaction and the pro forma combined company and its operations, strategies and plans, enhancements to investment-grade credit profile, synergies, opportunities and anticipated future performance and capital structure, and expected accretion to earnings per share and free cash flow. Information adjusted for the proposed Transaction should not be considered a forecast of future results.
Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. The factors that could cause actual results to differ materially from the forward-looking statements made by Constellation Energy Corporation and Constellation Energy Generation, LLC, (the "Registrants") include those factors discussed herein, as well as the items discussed in (1) the Registrants' 2024 Annual Report on Form 10-K in (a) Part I, ITEM 1A. Risk Factors, (b) Part II, ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, and (c) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 18 Commitments and Contingencies; (2) the Registrants' Third Quarter 2025 Quarterly Report on Form 10-Q in (a) Part II, ITEM 1A. Risk Factors, (b) Part I, ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, and (c) Part I, ITEM 1. Financial Statements: Note 14 Commitments and Contingencies; and (3) other factors discussed in filings with the Securities and Exchange Commission by the Registrants.
Investors are cautioned not to place undue reliance on these forward-looking statements, whether written or oral, which apply only as of the date of this press release. Neither Registrant undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.
Download
Contact:
Emily Duncan
Investor Relations
(833) 447-2783
investorrelations@constellation.com
Linsey Wisniewski
Corporate Communications
(667) 218-7700
linsey.wisniewski@constellation.com
***
Original text here: https://www.constellationenergy.com/newsroom/2025/12/constellation-announces-extension-of-expiration-for-private-exchange-offers-and-consent-solicitations-and-early-tender-results.html
Clark Hill: Join Us for Three Insightful Webinars During Data Privacy Week 2026
BIRMINGHAM, Michigan, Dec. 23 [Category: BizLaw/Legal] -- Clark Hill, a law firm, issued the following news:
* * *
Join Us for Three Insightful Webinars During Data Privacy Week 2026
*
In honor of Data Privacy Week 2026, we're offering three timely webinars focused on the most pressing issues in privacy and cybersecurity. These one-hour sessions are designed to help legal and compliance professionals navigate evolving risks and strengthen their defense strategies.
Click on the titles below to learn more and register.
Managing Risk in Privacy and Data Breach Litigation: Practical Defense
... Show Full Article
BIRMINGHAM, Michigan, Dec. 23 [Category: BizLaw/Legal] -- Clark Hill, a law firm, issued the following news:
* * *
Join Us for Three Insightful Webinars During Data Privacy Week 2026
*
In honor of Data Privacy Week 2026, we're offering three timely webinars focused on the most pressing issues in privacy and cybersecurity. These one-hour sessions are designed to help legal and compliance professionals navigate evolving risks and strengthen their defense strategies.
Click on the titles below to learn more and register.
Managing Risk in Privacy and Data Breach Litigation: Practical DefenseStrategies (https://www.clarkhill.com/news-events/event/data-privacy-week-webinar-managing-risk-in-privacy-and-data-breach-litigation-practical-defense-strategies/)
Tuesday, January 27, 2026, 1:00 PM ET | 12:00 PM CT | 11:00 AM MT | 10:00 AM PT
Speakers: Peter Berk, Mason Floyd, Madison Shepley
* * *
Algorithmic Liability: Agents, Pricing, Bias and More (https://www.clarkhill.com/news-events/event/data-privacy-week-webinar-algorithmic-liability-agents-pricing-bias-and-more/)
Wednesday, January 28, 2026, 1:00 PM ET | 12:00 PM CT | 11:00 AM MT | 10:00 AM PT
Speakers: Myriah Jaworski, Chirag Patel, Ali Bloom
* * *
How State Privacy Laws and AI Are Reshaping Consumer Data Protection (https://www.clarkhill.com/news-events/event/data-privacy-week-webinar-how-state-privacy-laws-and-ai/)
Thursday, January 29, 2026, 1:00 PM ET | 12:00 PM CT | 11:00 AM MT | 10:00 AM PT
Speakers: Melissa Ventrone, John Howard
***
Original text here: https://www.clarkhill.com/news-events/news/join-us-for-three-insightful-webinars-during-data-privacy-week-2026/
