Texas Competitive Electric Holdings Company LLC (TCEH), a unit of Energy Future Holdings and the parent of TXU Energy and Luminant, is conducting meetings with prospective lenders in connection with the syndication of its $4.25 billion senior secured credit facilities

EFH said that under its bankruptcy plan, which will see TCEH spun-off to creditors, the new credit facilities will initially refinance the TCEH’s existing DIP and then will convert to a permanent exit financing upon the TCEH’s exit from bankruptcy

— Energy Choice Matters