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DYNEGY INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

February 4, 2014

Item 1.01 Entry into a Material Definitive Agreement. On January 29, 2014 , Illinois Power Marketing Company ("IPM"), an Illinois corporation and indirect subsidiary of each of Dynegy Inc. and Illinois Power Holdings, LLC , entered into a fully cash collateralized Letter of Credit and Reimbursement Agreement (the "Agreement") with Union Bank, N.A . (the "Bank"), pursuant to which the Bank agreed to issue from time to time, at IPMs request, one or more standby letters of credit in an aggregate stated amount not to exceed $25 million at any one time outstanding for the account of IPM to support performance obligations of IPM and other general corporate activities of IPM, provided that IPM deposits in an account controlled by the Bank an amount of cash sufficient to cover the face value of such requested letter of credit plus an additional percentage thereon. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement attached hereto as Exhibit 10.1 and incorporated herein by reference Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information regarding the Agreement set forth under Item 1.01 is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Document 10.1 Letter of Credit and Reimbursement Agreement, dated as of January 29, 2014 between Illinois Power Marketing Company and Union Bank, N.A . 2 --------------------------------------------------------------------------------


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Source: Edgar Glimpses


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