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Professor Klee Comments on Energy Future Holdings Corp.’s Financial Restructuring Plans in Bloomberg Article
April 16, 2013 -- Professor Kenneth Klee commented on Energy Future Holdings Corp.’s financial restructuring plans in an article in BloombergBusinessweek.
“Creditors are saying there’s too much equity being retained by the private equity guys, and if we’re going to take a haircut then they’re going to keep precious little,” Kenneth Klee, a professor at the University of California, Los Angeles School of Law, said in a phone interview today.
“It’s going to be an interesting battle,” Klee said. “My guess is KKR and TPG would make a deal to take a smaller percentage of the equity in order to get a consensual deal.”
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