Utility's plant to avoid default involves new layer of debt senior to existing bonds.
By Richard Bravo, Jim Polson, Bloomberg|July 13, 2011 at 05:34 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Dynegy Inc. is refinancing debt and altering its corporate structure to avoid a default, putting bondholders at a disadvantage by reducing their claims on the assets of the third-largest independent U.S. power producer.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.