Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 12-03-2018 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | Sempra Energy - Oncor Electric Delivery Company Acquisition | Industry: | Electricity |
| Description: |
White and Case LLP advised Sempra Energy on its approximately USD9.45 billion all-cash acquisition of Energy Future Holdings Corp. and its subsidiary, Energy Future Intermediate Holding Company, the indirect owners of approximately 80 percent of Oncor Electric Delivery Company, LLC, the largest utility in Texas. The deal, which valued Oncor at approximately USD18.8 billion at signing, closed on Friday and brought to an end to the EFH Debtors' long-running chapter 11 case. The case, which had been pending for nearly four years and has seen two prior confirmed plans fail to consummate because of regulatory issues, was the largest industrial bankruptcy in US history.
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| Financial Center: | New York | Value: | 5000.01-10000.00 |
| Advised Party: | Creditors | Law Firm | White & Case |
| United States | United States | ||
| Classification: |
Debt Restructuring |
Lawyer | Thomas Lauria |
