Bloomberg: Energy Future Said to Meet DIP Lenders
Bloomberg reported Energy Future Holdings Corp., formerly TXU, is meeting with lenders in New York to discuss DIP financing to fund it through bankruptcy as part of its restructuring.
In 2007, KKR, TPG Capital and Goldman Sachs bought Energy Future for $48 billion on a bet that natural gas prices would rise, but prices fell as development of hydraulic fracturing created a surge in U.S. gas supplies, Bloomberg said further.
To read the entire Bloomberg article, click here.
Previously on abfjournal: Bloomberg: KKR, Goldman, TPG Join Fight Before Energy Future Bankruptcy, October 21, 2013