(Reuters) – Energy Future Holdings on Friday said debt holders have tendered $4.47 billion of notes, or 99.58 percent of the amount outstanding in its latest debt exchange offer. The privately held company said it has accepted about $3.59 billion of the notes tendered for exchange, including $1.428 billion of 10.875 percent senior notes due [...]

(Reuters) – Energy Future Holdings Corp on Friday launched a new debt exchange as the energy company seeks to reduce its heavy debt load and high interest expense, caused by its leveraged buyout in 2007 The Dallas, Texas-based company offered to exchange its 11.25 percent pay-in-kind notes due 2017 and 10.875 percent bonds due 2017, [...]

(Reuters) – Private equity firm Kohlberg Kravis Roberts & Co is in talks with certain lenders to swap unsecured debt in Energy Future Holdings Corp for debt guaranteed by Oncor, the New York Post reported, citing a source close to the situation. KKR is in negotiations with Franklin Templeton Investments, the leader of the lending [...]

NEW YORK (Reuters) – Energy Future Holdings said on Thursday that bondholders offered to swap just $357.5 million of debt, far short of the $6 billion initially targeted by the power company in a massive debt exchange. The company, taken private by Kohlberg Kravis Roberts and TPG Capital in a record 2007 leveraged buyout, had [...]

NEW YORK (Reuters) – Energy Future Holdings has extended the deadline on a massive debt exchange after getting just a fraction of the participation it had sought, the company said in a statement on Friday. Bondholders have offered to swap just $351 million of debt as of Thursday, out of $12.15 billion that was eligible [...]

NEW YORK (Reuters) – Energy Future Holdings has extended the deadline for early offers in its debt exchange, a massive debt restructuring that ran into opposition from bondholders, according to a company statement. The deadline for early tenders is now 5 p.m. (2100 GMT) Oct 23, New York City time, Energy Future Holdings said on [...]

NEW YORK (Reuters) – Major bondholders of Energy Future Holdings have hired a law firm to help build support to rebuff a massive debt exchange by the company, sources close to the matter said on Tuesday. Richard Hahn, an attorney with Debevoise and Plimpton LLP in New York, confirmed that his firm has been retained [...]

(Reuters) – Kohlberg Kravis Roberts and Co’s plan to restructure the debt of Energy Future Holdings Corp (EFH), following a leveraged buyout in 2007, is in jeopardy due to opposition from its key bondholders, the New York Post said, citing sources. Franklin Templeton Investments, one of the major lenders holding more than half the bonds [...]

NEW YORK (Reuters) – Privately owned power company Energy Future Holdings Corp on Monday said it was offering to exchange up to $4 billion of new notes for outstanding notes to extend maturities and reduce debt. The company said it is also seeking consent from debt holders to amend restrictive terms of its outstanding notes. [...]

NEW YORK (Reuters) – Privately owned power company Energy Future Holdings Corp reported a $442 million quarterly profit on Friday, compared with a big loss a year earlier, a plus for the three private equity firms that bought it for $32 billion. The buyout of TXU Corp, as it was formerly known, was the largest [...]