Energy future lenders said to extend more than 80% of loans

April 14, 2011, 7: 32 pm EDT by Kristen Haunss

(Updates with sale of the obligations under the third paragraph).

April 14 (Bloomberg) - lenders to energy future Holdings Corp., which was taken private in the redemption of the largest in history, have agreed to extend the maturity on more than 80 percent of its term loans and letters of credit.Lenders agreed to extend the maturity on $ 15.4 billion of loan term to 2014, 2017, while lenders that 1.02 billion in the letter of credit facility extended the date of its expiry in 2017the Dallas-based company said yesterday in a regulatory filing. Creditors holding $ 1.38 billion revolving credit lines also delayed the maturity of their debt from 2013, 2016, according to the filing.The company said in a regulatory filing today it intends to sell 1.73 billion in senior secured bonds due 2020 to repay about $ 1.6 billion of loans signed in 2007.The former TXU Corp.taken private in 2007 KKR & Co. and TPG Capital, asked lenders April 1 to extend its debt, according to a presentation of lender and a regulatory filing from that day here. Citigroup Inc. organized the extension.The extension is dependent on electricity provider selling tickets guaranteed first place, according to the press release.

-Editors: Faris Khan, Cecile Gutscher

To contact the reporter on this story: Kristen Haunss in New York at the khaunss@bloomberg.net

To contact the editor responsible for this story: Faris Khan to fkhan33@bloomberg.net

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