The Wall Street Journal reported that Fidelity Management & Research agreed to back the chapter 11 plan of Dallas-based Energy Future Holdings.
Reuters reported Energy Future Holdings postponed indefinitely court hearings aimed at keeping its fast-track bankruptcy on course after a judge questioned the company’s approach.
The WSJ reported that Energy Future Holdings received bankruptcy court approval for its $5.4 billion bankruptcy loan, to be used to refinance senior bonds, as well as early payment premiums.
The Wall Street Journal reported that Energy Future Holdings is meeting strong headwinds as it attempts to put the financial framework in place for a $42 billion bankruptcy restructuring.
Reuters reported Energy Future Holdings is seeking to delay court approval of a restructuring support agreement that lays a path out of Chapter 11.
The Wall Street Journal reported that Energy Future Holdings has launched part of a multibillion-dollar financing effort designed to bail out one of the two major lines of business involved in its bankruptcy.
Energy Future Holdings commenced a pre-arranged Chapter 11 reorganization with up to $4.475 Billion and $7.3 Billion in new financing commitments for TCEH and EFIH, respectively.
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.