Feb 19 (Reuters) - U.S. power company Energy Future Holdings , formerly TXU Corp, said it could go into bankruptcy, liquidation or insolvency if lenders or noteholders accelerated repayment of all borrowings.
A source familiar with the matter told Reuters earlier this month that the company had hired law firm Kirkland & Ellis and Blackstone Group LP to advise on ways to deal with its $52 billion debt load.
'If lenders or noteholders accelerate the repayment of all borrowings, we would likely not have sufficient assets and funds to repay those borrowings,' Energy Future Holdings said under the risk factors section of a regulatory filing on Tuesday. ((http://link.reuters.com/daz95t))
The company in January extended the maturity date of a $16.5 billion term loan to 2017 from 2014. It has also exchanged debt on which it owed cash payments for debt on which interest payments could be deferred.
(Reporting by Swetha Gopinath in Bangalore; Editing by Ted Kerr) Keywords: EFH RESTRUCTURING/
(firstname.lastname@example.org)(within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: email@example.com)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.