Energy Future To Hold $300M Offering To Raise Cash

Law360, New York (January 6, 2010, 5:56 PM EST) -- Texas-based Energy Future Holdings Corp. will hold a private offering to raise $300 million that may be used for working capital needs, business initiatives and to pay off debt.

The energy holding company, formerly known as TXU Corp., said Wednesday that it will begin a private offering of senior secured notes that will come due in 2020.

Dallas-based Energy Future said it plans to use the net proceeds for general or other corporate purposes, which may include working capital needs, investment in business initiatives, capital expenditures...
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