Bloomberg: Energy Future Said Near Bankruptcy Loan Exceeding $3B
Bloomberg said Energy Future Holdings is close to obtaining a loan of more than $3 billion ahead of a bankruptcy filing that may come this month, according to Bloomberg .
The Bloomberg sources said further Citigroup, JPMorgan Chase & Co, Bank of America and Morgan Stanley are vying to provide parts of the debtor-in-possession financing, and first-lien creditors to Energy Future’s Texas Competitive subsidiary have been invited to participate. The sources asked not to be named because the process is private, Bloomberg said.
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