The Wall Street Journal reported that Energy Future Holdings received bankruptcy court approval for its $5.4 billion bankruptcy loan. The Journal said the company will use the financing to refinance senior bonds, as well as early payment premiums.
According to the article, less than half of Energy Future’s investors agreed to the settlement.
To read the entire WSJ article, click here.
Previously on abfjournal: Energy Future Creditors Protest Financing Framework, June 2, 2014