Restructuring Watchlist: EFH Moves Off, In Largest Default
Excerpts: Restructuring Watchlist: EFH Moves Off, In Largest Default Energy Futures received S&P’s speculative-grade default rate in November, 2009, and was downgraded to SD on account of a distressed exchange. All this came in the wake of the $45B LBO of TXU, engineered by KKR, TPG, and GS — the largest LBO deal in history was […]
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