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Harbinger Capital Partners is readying a C$469 million ($440 million) debt refinancing for two Canadian gas-fired plants acquired when it bought Calpine Power Income Fund in February.

Harbinger Capital Partners is readying a C$469 million ($440 million) debt refinancing for two Canadian gas-fired plants acquired when it bought Calpine Power Income Fund in February. Union Bank of California is set to launch syndication this week.

The debt is part of a refinancing of some $700 million in...