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EFH Seeks Cheaper, Longer Debt With Exchange  July 30, 2010


Energy Future Holdings subsidiaries are asking investors to exchange senior toggle notes and senior notes due in 2017 for $2.18 billion in 10-year senior secured notes and $500 million in cash. EFH is offering to exchange 11.25% and 12% senior toggle notes as well as 10.875% senior notes maturing in 2017 for 10% senior secured notes due in 2020 via subsidiaries Energy Future Intermediate Holding Company and EFIH Finance. The company expects to close the exchange on Aug. 12, an EFH ...

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