Dynegy Inc. Announces Exchange Offers for up to $1.25 Billion in Senior Notes, Senior Unsecured Notes, Senior Debentures and Subordinated Capital Income Securities of Dynegy Holdings, LLC

Dynegy Inc. (NYSE:

) announced today that it has commenced offers to exchange (the Exchange Offers) up to $1,250,000,000 principal amount of the outstanding notes, debentures and capital income securities (the Old Notes) of Dynegy Holdings, LLC (DH), its direct, wholly-owned subsidiary, for Dynegy's new 10% Senior Secured Notes due 2018 (the New Notes) and cash.