News Column

NYSE to Suspend Trading in Energy Future Holdings Corp. Corporate Bonds and Commence Delisting Proceedings

April 30, 2014



ENP Newswire - 30 April 2014

Release date- 29042014 - NYSE to Suspend Trading in Energy Future Holdings Corp. Corporate Bonds and Commence Delisting Proceedings.

The New York Stock Exchange ('NYSE') announced today that the staff of NYSE Regulation, Inc. ('NYSE Regulation') has determined to commence proceedings to delist the corporate bonds (the 'Corporate Bonds') of Energy Future Holdings Corp. and certain of its subsidiaries (the 'Company') from the NYSE as noted below:

Symbol Corporate Bond

TXU 19 Energy Future Holdings Corp. 9.75% Senior Secured Notes due October 15, 2019

TXUI 19 Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. 9.75% Senior Secured Notes due October 15, 2019

TXUI2 20 Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. 10.000% Senior Secured Notes due 2020

Trading in the Company's Corporate Bonds will be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing. Pursuant to Listed Company Manual ('LCM') Section 802.01D, this decision was reached in view of the Company's April 29, 2014 announcement that it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the District of Delaware. NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the ultimate effect of this process on the Company's bondholders. Furthermore, NYSE Regulation noted that the Company had previously been notified of its noncompliance with LCM Section 802.01E as it was delayed in filing its Form 10-K for the year ended December 31, 2013.

NYSE Regulation notes that it may make an appraisal of, and determine on an individual basis, the suitability for continued listing of a listed security in light of all pertinent facts and circumstances whenever it deems such action appropriate. In addition, NYSE Regulation may, at any time, suspend trading in a security and commence delisting proceedings if it believes that continued dealings in or listing of the security on the NYSE are not advisable.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. The NYSE will apply to the Securities and Exchange Commission to delist the Corporate Bonds upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

Company Contacts:

Andrew M. Wright

Vice President & Deputy General Counsel

(214) 812-6038


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Source: ENP Newswire