Energy Future issues new 15% notes for 111/4/12% toggle, 10¼% notes

By Jennifer Chiou

New York, Oct. 8 - Energy Future Holdings Corp. subsidiary Texas Competitive Electric Holdings Company LLC along with TECH Finance, Inc. issued $335,905,000 of new 15% senior secured second-lien notes due April 1, 2021 for $478 million total of Energy Future's 10¼% senior notes due 2015 and 111/4/12% senior toggle notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

The issuers entered into an agreement with funds and accounts managed by an institutional investor.

The exchanged notes have been retired and canceled.

Energy Future is a Dallas-based holding company engaged in competitive and regulated energy market activities, primarily in Texas.

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