1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Florida Law Firm Threatened by Getty Images for Copyright Infringement
Florida Law Firm Threatened by Getty Images for Copyright Infringement
$62.5 Million Settlement Approved in Case Against Wells Fargo
$62.5 Million Settlement Approved in Case Against Wells Fargo
Rosen Law Firm PA Investigating Possible Fraud on Part of SeaWorld
Rosen Law Firm PA Investigating Possible Fraud on Part of SeaWorld
PriceWaterhouseCoopers to Pay $25 Million Following Investigation
PriceWaterhouseCoopers to Pay $25 Million Following Investigation
Job Listings

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

facebooktwittergoogle_plusredditpinterestlinkedinmail

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.

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.

What

 job title, keywords

Where

 city, state, zip



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!!


“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

facebooktwittergoogle_plusredditpinterestlinkedinmail

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
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...