The Daily Docket: Energy Future Approved to Pay off up to $750 Milli...
Energy Future Holdings Corp. won court permission to pay down as much as $750 million of a $2.15 billion bond issue, a move that will save $66 million in interest this year. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
WSJ reports on the White House weighing steps to make it easier for student loan holders to get rid of some of that debt through bankruptcy.
Dune Energy Inc ., a Houston-based energy company, has received a bankruptcy judge’s approval to kick off a marketing and sale process, one that aims to keep the business operating while in Chapter 11. Read the DBR article in WSJ.
The already contentious bankruptcy of defunct TV-streaming service Aereo Inc. turned even more so this week with the filing of a lawsuit accusing major broadcasters of chilling the bidding in an asset sale intended to raise money for Aereo’s creditors, DBR reports in WSJ.
(And don’t forget to check out our blog post on tech blog Gigaom, which is shutting down.)
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
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