Editor at Bloomberg News. Rapha Continental rider. Dow Jones, Reuters, Conde Nast alum. Any views expressed are my own.

Energy Future Bonds Surge After Disclosure of Intercompany Loan

bloomberg.com — Bonds of Texas Competitive Electric Holdings Co. soared the highest in at least two years after it was disclosed a loan made to parent company Energy Future Holdings Corp. may boost the unit's value. Texas Competitive's $1.23 billion of 15 percent, second-lien notes due April 2021 rose 4.5 cents on the dollar to 50.75 cents at 10:57 a.m.

Holdout Fidelity Gets $200 Million Haul in Energy Future Bet

businessweek.com — Bloomberg News Fidelity Investments, which drew the ire of Energy Future Holdings Corp. and its creditors by playing hardball during restructuring talks, is reaping the rewards of a bidding war over the former TXU Corp.'s prized asset.

Energy Future Said to Revise Loan Backing Restructuring

bloomberg.com — Energy Future Holdings Corp., the subject of the largest leveraged-buyout ever, revised a $1.9 billion loan to help it emerge from bankruptcy after a group of creditors submitted a competing plan with NextEra Energy Inc., according to two people with knowledge of the talks.

Defaulted Energy Future Bonds Soar on Bankruptcy Conflict

bloomberg.com — Energy Future Holdings Corp.'s unsecured bonds are soaring to the highest level in a year as junior creditors challenge the power producer's plan to restructure about $40 billion of debt in bankruptcy.

Energy Future Unit Said to Plan $9 Billion Debt Deal

businessweek.com — A deregulated unit of Energy Future Holdings Corp. that filed for bankruptcy protection last week is planning to issue $9 billion of new debt to pay senior creditors including Apollo Global Management LLC and Oaktree Capital Group LLC, according to two people with knowledge of the deal.

Energy Future Unit Said to Plan $9 Billion Debt Deal

bloomberg.com — A deregulated unit of Energy Future Holdings Corp. that filed for bankruptcy protection last week is planning to issue $9 billion of new debt to pay senior creditors including Apollo Global Management LLC and Oaktree Capital Group LLC, according to two people with knowledge of the deal.

Lasry’s Credit Cabal Gets Top Energy Future Gem: Distressed Debt

businessweek.com — Bloomberg News A group of Energy Future Holdings Corp.'s unsecured bondholders including billionaire Marc Lasry's Avenue Capital Group are poised to walk off owning the most profitable asset of the bankrupt power producer after engineering a deal to avoid a free-for-all restructuring.

Lasry’s Credit Cabal Gets Top Energy Future Gem: Distressed Debt

bloomberg.com — A group of Energy Future Holdings Corp.'s unsecured bondholders including billionaire Marc Lasry 's Avenue Capital Group are poised to walk off owning the most profitable asset of the bankrupt power producer after engineering a deal to avoid a free-for-all restructuring.

Even Winners in Energy Future Bankruptcy Can’t Celebrate

bloomberg.com — Even the winners in the bankruptcy of Energy Future Holdings Corp. have little to celebrate after months of wrangling resulted in compromises for everyone. To get a deal done, everyone had to give up something, people with knowledge of the negotiations said.

Energy Future Owners KKR, TPG Investments Almost Erased

bloomberg.com — Energy Future Holdings Corp. sponsors including Henry Kravis and David Bonderman, who took the company private seven years ago in a record leveraged buyout, will salvage 1 percent of the stock of the reorganized company as it goes through bankruptcy court.
More Articles →
Nov 25, 2014

Thankfully, people on twitter don't know how to spell `cologne.' bit.ly/1C32v7N #colon

Nov 25, 2014

1Y Caesars CDS jumps to record after $CZR reaches agreement to turn unit into REIT via @LauraJKeller on the terminal

Nov 25, 2014

Artist reveals clue to cryptographic sculpture that has bedeviled code breakers for two decades wrd.cm/1uFLlZN @WIRED #CIA

Nov 25, 2014

US 30-Year Treasury yield touches 2.991%, lowest since Oct. 23: BBG pic.twitter.com/xVpAWDu2tT

Nov 25, 2014

#CDX IG falls 1bp, fifth fall in a row, after US GDP report to 60.3bps pic.twitter.com/AHOibHa7bQ

Nov 25, 2014

Harbinger to pay Falcone a $20.5M one-time payment, $16.5M 2014 bonus and $3.3M 2015 bonus. $HRG

Nov 25, 2014

RT @caschaberg: *HARBINGER GROUP SAYS FALCONE TO RESIGN

Nov 25, 2014

RT @SamMamudi: FBI files say Citadel analyst made millions on tips from Dell insider bloom.bg/1zoHz7S

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