The Wall Street Journal reported that defunct Energy Future is planning on outlining a new proposal to reshape its $42 billion debt in the hopes of emerging from bankruptcy.
The Journal said the energy company is preparing the term sheet after much frustration from creditors, citing a lack of progress in the Chapter 11 proceedings.
To read the entire WSJ article, click here.
Previously on abfjournal: Energy Future Postpones Hearings After Judge Questions Plans, July 14, 2014