Bloomberg: KKR Raises $2B to Invest in Distressed Debt

Bloomberg reported KKR raised $2 billion for a fund that will provide financing to distressed companies globally.

Johnson & Weaver to Investigate $2.6B KKR Financial Holdings Sale

KKR and KKR Financial Holdings signed a $2.6 billion definitive merger agreement. However, law firm Johnson & Weaver is investigating whether members of KKR Financial Holdings’ board of directors breached its fiduciary duties.

Bloomberg: Energy Future Seeks $4.4B DIP Loans

Bloomberg reported Energy Future Holdings has lined up $4.4 billion of loans in the event the Texas power generator taken private in the biggest leveraged buyout ever files for bankruptcy protection.

Bloomberg: KKR, Goldman, TPG Join Fight Before Energy Future Bankruptcy

Bloomberg reported KKR, Goldman Sachs and TPG Capital, firms that led Energy Future Holdings’ buyout in 2007, are fighting to receive 3 percent of their investment when the company files for bankruptcy.