TXU lines up funding for bankruptcy

[Winehole23]

Energy Future Holdings Corp. is meeting with lenders in New York this week to discuss loans that would fund it through bankruptcy as the latest chapter of the power generator’s restructuring begins to unfold.

Banks began presenting proposals to the former TXU Corp. on Monday to provide debtor-in-possession financing, according to two people with knowledge of the discussions who asked not to be identified because the talks are private.


Energy Future, purchased in the largest leveraged buyout in history six years ago, is resuming efforts to line up the funding less than two months before auditors may raise doubts about its ability to operate without the threat of liquidation.
The Dallas-based company is seeking to restructure $45.6 billion of debt after a plunge in natural gas prices, which set the price of electricity in the state, triggered 10 straight quarterly losses. Attempts to agree on a reorganization plan with creditors in October failed.

http://www.dallasnews.com/business/e...bankruptcy.ece

[Das Texan]

those bas s.

I wish they go belly up.

[TDMVPDPOY]

lol enron wannab