Free Market Evaluation - Send us your resume and we will give you free feedback
The Top 10 Law Schools by Number of Applications
The Top 10 Law Schools by Number of Applications
Gender Bias Lawsuit Filed Against Twitter
Gender Bias Lawsuit Filed Against Twitter
Large Portion of Settlement Money from Exxon Case Will Go to Legal Expenses
Large Portion of Settlement Money from Exxon Case Will Go to Legal Exp...
States Deciding Whether Business May Refuse Services to Gay Couples
States Deciding Whether Business May Refuse Services to Gay Couples
Legal Job Listings
Download PDF

Energy Future Holdings, Apollo Global Management and Oaktree Capital Group Each Hold about $2.7 Billion in Claims View Count: 53

Bloomberg News has reported that Energy Future Holdings Corp. lenders Apollo Global Management LLC and Oaktree Capital Group LLC each hold about $2.7 billion in claims on the bankrupt company under a credit agreement that was struck with managers and with other creditors. Energy Future filed for bankruptcy April 29, listing $49.7 billion in liabilities.

According to a filing in U.S. Bankruptcy Court in Wilmington, Delaware, Centerbridge Capital Partners LP has $1.4 billion in claims. According to the filing, King Street Capital Management LP and Fortress Credit Opportunities Advisors LLC each have about $1 billion in claims, according to the filing.

More than a million consumers who use TXU Energy for their home electricity service have been receiving an odd notice in the mail concerning TXU’s corporate parent, Energy Future Holdings, which filed for Chapter 11 bankruptcy last month.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The notice, according to the Star Telegram, does not mention TXU Energy; it talks about filing “proofs of claim” in the Energy Future Holdings case. But as far as residential customers go, it’s largely “for informational purposes,” TXU Energy spokesman Juan Elizondo reported in an email on Tuesday.

“In a nutshell, there is absolutely no problem,” Juan Elizondo said, according to the Star Telegram. “Business continues as usual and we are honoring all customer contracts and commitments.”

If you would like more information about employment opportunities with Energy Future Holdings please click here.

Image credit: www.leveragedloan.com

Energy Future Holdings, Apollo Global Management and Oaktree Capital Group Each Hold about $2.7 Billion in Claims by

Tagged:

Jaan Posted by on May 26, 2014. Filed under Business News,Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Paralegal
USA-NM-Albuquerque
Paralegal needed for growing plaintiffs personal injury law firm. Great pay, and a great environment, for a great mind and attitude. Success in running a caseload in a plaintiffs personal injury firm,...


Apply now

Related Posts: