HOUSTON–(BUSINESS WIRE)–Dynegy Inc. (Dynegy) (NYSE: DYN) and Illinois Power Generating Company
(Genco), an indirect, wholly owned subsidiary of Dynegy, launched a
restructuring transaction today with respect to Gencos outstanding
indebtedness (the Restructuring), consisting of either (a) an
out-of-court offer to exchange (the Exchange Offer) Gencos outstanding
7.00% Senior Notes, Series H, due 2018, 6.30% Senior Notes, Series I,
due 2020 and 7.95% Senior Notes, Series F, due 2032 (collectively, the
Genco Notes) for up to (i) $210.0 million aggregate principal amount of
new 7-year Senior Notes of Dynegy (the Dynegy Notes), (ii) 10 million
new warrants of Dyneg…
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