This content is from: Innovation

Dynegy Picks Advisers For Debt Revamp

Houston-based power generator, Dynegy, has appointed restructuring advisers to help reorganize its debt load and avoid a bankruptcy filing.

Houston-based power generator, Dynegy, has appointed restructuring advisers to help reorganize its debt load and avoid a bankruptcy filing, The Wall StreetJournal reports. Law firm, White & Case, and financial advisory firm, Lazard, Frères &Company, will negotiate with creditors.

The restructuring alternatives include issuing new debt or equity, buying back shares, prepaying debt or selling assets. The company has nearly $4.8 billion in debt and faces debt maturities of nearly $164 million or less each year through 2014, adds Reuters. Dynegy creditors are being advised by investment bank, Houlihan Lokey.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

Related Content