Yesterday's $11.5 billion debt offering for Energy Future Holdings, formerly known as TXU Inc, proceeded nicely considering the market turmoil of the last few weeks, according to TheDeal.com.
It's still just a small portion of the $36 billion commitment, but the discounts were smaller than expected. This must come as a relief to KKR and Texas Pacific Group, which launched the $44 billion buyout in February.
Does this mean the debt markets are recovering? Perhaps. Meanwhile, there's still a lot of debt to sell.
TXU debt offering smoother than expected
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