Attached files
| file | filename |
|---|---|
| 8-K - DYNEGY HOLDINGS, LLC | dyn8k.htm |
| EX-10.1 - DYNEGY HOLDINGS, LLC | suppindent.htm |
FOR
IMMEDIATE
RELEASE NR09-22
DYNEGY
ANNOUNCES FUNDING OF SIGNIFICANT
DEBT REDUCTION
INITIATIVE
HOUSTON (January 4, 2010) –
Dynegy Inc. (NYSE: DYN) announced that on December 31, 2009, its
wholly-owned subsidiary, Dynegy Holdings Inc. (“DHI”), completed the
funding of the previously announced repurchase of approximately $420 million of
its outstanding 6.875 percent Senior Unsecured Notes due 2011 and approximately
$410 million of its outstanding 8.75 percent Senior Unsecured Notes due
2012. This represents 83 percent of the company’s Senior Unsecured
Notes due 2011 and 2012. The total consideration to effect the
transaction, inclusive of consent fees, was approximately $875
million.
BofA
Merrill Lynch acted as exclusive repurchase agent to Dynegy. Locke
Lord Bissell & Liddell LLP acted as legal counsel to Dynegy.
Through its subsidiaries, Dynegy Inc.
produces and sells electric energy, capacity and ancillary services in key U.S.
markets. The power generation portfolio consists of approximately
13,000 megawatts of baseload, intermediate and peaking power plants fueled by a
mix of natural gas, coal and fuel oil. DYNC
###