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Energy Future make-whole claims payment agreement approved by court
By Caroline Salls
Pittsburgh, March 27 – Energy Future Holdings Corp. received court approval of a make-whole claims payment settlement, according to an order filed March 24 with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, Energy Future agreed to pay 95% of first-lien notes make-whole claims and 87.5% of second-lien notes make-whole claims, plus 100% of related fees and expenses and all additional accrued interest.
As previously reported, Energy Future’s plan of reorganization was confirmed on Feb. 17.
Energy Future is a Dallas-based power generation company and utility operator. The company filed for bankruptcy on April 29, 2014. The Chapter 11 case number is 14-10979.
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