Energy Future Holdings, the power company formerly known as TXU, tweaked the amendment terms yesterday by specifying use of proceeds for any new debt issued. Many investors saw the concessions as weak and less than expected, but anticipated the amendment would still pass given the amount of support from relationship banks and sponsors Kohlberg, Kravis & Roberts and TPG Capital, according to a PFR sister publication Total Securitization & Credit Investment.
August 07, 2009