FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Bloomberg: Energy Future Seeks $4.4B Debtor-in-Possession Loans

Date: Nov 04, 2013 @ 07:18 AM
Filed Under: Energy

Bloomberg reports Energy Future Holdings Corp. has lined up $4.4 billion of loans in the event the Texas power generator ever files for bankruptcy protection.

According to the Bloomberg report, the financing which is currently under negotiation will include as much as $3.6 billion of senior secured debtor-in-possession loans as a $750 million uncommitted portion, the company said in a regulatory filing.

The Dallas-based company would get the proposed two-year facilities from “certain third-party financial institutions” if it were to file for bankruptcy protection, according to Bloomberg. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.