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

November 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. 

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