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.
Reuters reported that Energy Future’s creditors are urging Judge Christopher Sontchi to slow the company’s Chapter 11 case, cautioning that an approved refinancing proposal could block better deals from consideration.
Bloomberg reported Energy Future Holdings revised a $1.9 billion loan to help it emerge from bankruptcy after a group of creditors submitted a competing plan with NextEra Energy, according to two people with knowledge of the talks.