Energy Future Holdings said that bondholders offered to swap just $357.5 million of debt, far short of the $6 billion initially targeted by the power company in a massive debt exchange. The company was taken private in 2007 by KKR, TPG, and GS Capital Partners.
Premium Protein Products, a Nebraska-backed packing company backed by MatlinPatterson Global Advisers, has filed for Chapter 11 bankruptcy protection. The firm invested in the company in 2007, according to the Lincoln Journal Star.
Simmons Co. has filed for Chapter 11 bankruptcy protection, as part of a prepackaged arrangement whereby the mattress maker would be sold to Ares Management and Ontario Teachers’ Pension Plan. Simmons had been owned by THL Partners.
Taylor-Wharton International LLC, a metal working company owned by Wind Point Partners, has filed for Chapter 11 bankruptcy as part of a prepackaged restructuring.