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 →
Oct 24, 2014

RT @KatiaPorzo: Argentina Bond Fight Judge Griesa Gets New Ken Dart Suit bloom.bg/ZMgfEm

Oct 24, 2014

ECB Set to Fail 25 Lenders in Bank Review, Document Shows bloom.bg/1z42XTc via @BloombergNews #AQR

Oct 24, 2014

Fed’s $4 Trillion Holdings Keep Boosting Growth Beyond End of QE bloom.bg/1uNAwlI via @BloombergNews @jeffkearns

Oct 24, 2014

ECB DRAFT DOCUMENT SHOWS 25 BANKS SET TO FAIL HEALTH CHECK: BBG

Oct 24, 2014

RT @joshkosman: How One New York County Fell Into the Tobacco Debt Trap - ProPublica propublica.org/article/how-on…

Oct 24, 2014

RT @rebeccawire: Failures = success ECB Tries for Third Time Lucky in European Stress Tests bloom.bg/1ozeRBa via @BloombergNews @Jeffrey_Black

Oct 23, 2014

RT @lpolgreen: Remember - no one who shared an apartment with Dallas Ebola patient got Ebola. Requires very close contact with a very sick person.

Oct 23, 2014

RT @CoryTV: My mind is BLOWN by this flashback: Rick Rubin Return to the #NYU Dorm Room Where Def Jam Was Born rol.st/1sekqj9 #Weinstein !

Oct 23, 2014

Wall street dealers cut HY bond holdings by 68% last week @LisaAbramowicz1's story at @BloombergNews

Oct 23, 2014

Valerie Plame on The New Age of National Security wnyc.org/2CfWx via @TheTakeaway

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