TITLE

Dynegy Holdings Filed Prepackaged Bankruptcy

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
November 2011
SOURCE
High Yield Report;11/14/2011, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article announces that Dynergy Holdings filed for prepackaged bankruptcy on November 21, 2011 as its agreement with some of its creditors to restructure debt was reached. The plan is expected to lessen the debt load of Dynergy and to dilute the current interest of the shareholders. The filing also came after Dynergy was forced to terminate a 1.25-billion-U.S. dollar debt exchange which was caused by the lack of support from its bondholders.
ACCESSION #
67336947

 

Related Articles

  • Some Bondholders Back CIT Exchange.  // High Yield Report;10/19/2009, Vol. 20 Issue 42, p22 

    The article reports on the restructuring plan of the CIT Group which is not winning support from some of the company's bondholders. Some bondholders believe that their fellow investors would be better served by accepting a proposed debt-exchange offer rather than waiting for a liquidation of the...

  • Bondholders Push Back On Exchanges. Sheahan, Matthew // High Yield Report;5/11/2009, Vol. 20 Issue 19, p15 

    The article reports on the big losses faced by bondholders through exchange offers being proposed by issuers in 2009. According to Standard & Poor's, at least 28 companies have made agreements with lenders to either extend payments, exchange debt for stock, repurchase debt at a discount or...

  • You Can Bet On More Debt For Debt. M. S. // High Yield Report;4/14/2008, Vol. 19 Issue 15, p1 

    The article reports on the newly reached debt exchange agreements of Abitibi Consolidated with bondholders. The agreement was approved by about 90% of the bondholders that allows companies to pay back debt with more debts. According to Moody's Investors Service, about $86 billion of high yield...

  • Freescale Bondholders Trade Up Into Term Loan. Sheahan, Matthew // High Yield Report;3/2/2009, Vol. 20 Issue 9, p14 

    The article reports that the bondholders of Freescale Semiconductor have traded into term loan. The company's bondholders who represent approximately 2.89 billion U.S. dollar in notes committed to exchange such notes for 694 million U.S. dollar of new term loan which will mature on December 15,...

  • Today's Transactions Dynegy Holdings and Dynegy Inc. to Merge. COLLINS, ALLISON // Mergers & Acquisitions Report;9/10/2012, Vol. 25 Issue 37, p17 

    The article reports on the merger deal between Dynergy Holdings LLC and Dynergy Inc. as they received approval from a New York bankruptcy judge on their reorganization plan. October 1, 2012 is the planned exit of the companies from bankruptcy. Both holding companies are engaged in producing and...

  • GM To Offer Bondholders Equity Exchange. Kellerhals, Richard // High Yield Report;4/20/2009, Vol. 20 Issue 16, p22 

    The article reports on the preparations by General Motors (GM) for a debt exchange offer in April 2009. Bondholders will reportedly be offered with an approximately 27 billion U.S. dollars. It notes a similar effort by GM in February. To date, the company has 13.4 billion U.S. dollars...

  • Huntsman strikes up bargain for reducing its debt burden. Esposito, Frank // Plastics News;6/24/2002, Vol. 14 Issue 17, p3 

    No abstract available.

  • DEBT RESTRUCTURE GIVES BELIZE A BREATHER. Guerrero, Antonio // Global Finance;Apr2007, Vol. 21 Issue 4, p6 

    The article reports on the negotiation made by Belizean government with the bondholders concerning its debt in Belize. The government negotiated more than 98 percent of its debt with bondholders and offered to swap $497 million in foreign commercial debt for new bonds. Inorder to complete the...

  • Harrah's Offers Bondholders Tough Exchange. M. S. // High Yield Report;11/24/2008, Vol. 19 Issue 45, p1 

    The article reports that Harrah's Entertainment Inc. has offered a debt exchange that will be used to its bondholders with less than par for their bonds. The company has announced that it would exchange as much as $2.1 billion in debt maturing between 2010 and 2018 for new second-lien secured...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics