Daily News: September 24, 2013

Reuters: EFH Creditors Debate Equity Split in Expected Bankruptcy

Reuters reported that Energy Future Holdings creditors, at odds over how to split the company’s equity in an expected bankruptcy, are considering a tool to bolster the payout to one creditor group if the company meets performance goals, Reuters sources said.

Reuters said the so-called contingency value right (CVR) would sweeten the pot for unsecured bondholders of the company’s regulated power distribution business if the company meets the goals, the sources said.

To read the entire Reuters story, click here.