Energy Future Gets Nod For $2.3B Interim DIP Package

Law360, Wilmington (May 1, 2014, 10:42 PM EDT) -- Dallas-based Energy Future Holdings Corp., the private equity-owned power company whose Chapter 11 is one of the largest in U.S. history, won interim approval for more than $2.3 billion of debtor-in-possession financing on Thursday, after a Delaware bankruptcy judge overruled creditor opposition.

U.S. Bankruptcy Judge Christopher S. Sontchi agreed to sign off on the interim DIP package at EFH's first-day hearing in Wilmington, Delaware, where the press of assembled attorneys filled the court and spilled into a pair of overflow rooms.

Proposed funding was necessary and...
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