Energy Future's $5.4B DIP Package Approved In Ch. 11

Law360, Wilmington (June 6, 2014, 10:44 PM EDT) -- A Delaware bankruptcy judge on Friday approved a $5.4 billion debtor-in-possession facility for private equity-owned Energy Future Holdings Corp., giving the Texas power giant access to a second financing package in its mammoth Chapter 11.

At a daylong hearing in Wilmington, Delaware, U.S. Bankruptcy Judge Christopher S. Soncthi signed off on the unopposed $5.4 billion DIP package for EFH subsidiary Energy Future Intermediate Holding Co. LLC, then blessed a related settlement over the objection of a group of senior bondholders.

The DIP will be used in...
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