Reuters: EFH Creditors at Odds Over Bankruptcy
Reuters reported that creditors of Energy Future Holdings remain at odds over how to split the company’s equity in an expected bankruptcy as their confidentiality agreements lapse, according to several Reuters sources familiar with the matter.
Reuters said further that secured lenders at Texas Competitive Electric Holdings, which represents Energy Future’s unregulated subsidiary, and unsecured bondholders at Energy Future Intermediate Holdings (EFIH), Energy’s Future’s regulated subsidiary, were previously in direct negotiations, but EFIH unsecured bondholders are reluctant to resign confidentiality agreements, meaning the creditors could make public the details of their talks in an SEC filing this week, according to Reuters sources.
To read the entire Reuters article, click here.
Previously on abfjournal: Bloomberg: Energy Future Said Near Bankruptcy Loan Exceeding $3B, October 11, 2013