Market Overview

Dynegy Emerges from Chapter 11

Dynegy (OTC:DYNQ) successfully completed its Chapter 11 reorganization and
emerged from bankruptcy today. The Company will have approximately $800
million in liquidity in the form of cash (restricted and unrestricted)
and letter of credit capacity available to support the Company's post
emergence operations and commercial activities and this, along with the
elimination of over $4 billion debt through the Chapter 11 process,
gives Dynegy one of the strongest balance sheets in the independent
power producers sector. The common stock and warrants to purchase common
stock for the reorganized Company are expected to be listed with and
begin trading on the New York Stock Exchange on Wednesday, October 3,
2012 under the symbols DYN and DYNw, respectively. The reorganized
Company will have approximately 100

See full press release

Posted-In: News Guidance Management

 

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