Energy Future extends tender date, consent date for exchange offers

By Devika Patel

Knoxville, Tenn., Oct. 20 - Energy Future Holdings Corp. said it has extended the early tender date for previously announced exchange offers to exchange certain outstanding debt securities for up to $4 billion of new senior secured notes.

The company has also extended the consent date for the solicitations related to the offer.

The early tender date and the consent date have each been extended to 5 p.m. ET on Oct. 23.

As previously reported, the affected notes include $1 billion of 5.55% series P senior notes due 2014; $750 million of 6½% series Q senior notes due 2024; $750 million of 6.55% series R senior notes due 2034; $2.65 billion of 11¼%/12% senior toggle notes due 2017; and $2 billion of 10 7/8% senior notes due 2017.

The purpose of the exchange offers is to reduce the outstanding principal amount and extend the weighted average maturity of the long-term debt of Energy Future and its subsidiaries, according to the release.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) and Goldman, Sachs & Co. (800 828-3182 or 212 357-4692) are the lead dealer managers and the lead solicitation agents. Banc of America Securities LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc., KKR Capital Markets LLC and Morgan Stanley & Co. Inc. are also acting as dealer managers and solicitation agents.

Global Bondholder Services Corp. (866 387-1500 or 212 430-3774) is the information agent.

Energy Future is a Dallas-based energy holding company.

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