July 28, 2016 11:41 PM ET

Company Overview of NCA Resources Development Company LLC

Company Overview

NCA Resources Development Company LLC was incorporated in 2007 and is based in Dallas, Texas. NCA Resources Development Company LLC operates as a subsidiary of Luminant Holding Company LLC. On April 29, 2014, NCA Resources Development Company LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

1601 Bryan Street

Dallas, TX 75201

United States

Founded in 2007

Phone:

214-812-4600

Key Executives for NCA Resources Development Company LLC

Chairman and Chief Executive Officer
Age: 48
Principal Financial Officer and Senior Vice President
Chief Executive Officer of Energy Future Competitive Holdings Company and President of Energy Future Competitive Holdings Company
Age: 60
Principal Accounting Officer and Senior Vice President
Age: 68
Compensation as of Fiscal Year 2016.

NCA Resources Development Company LLC Key Developments

Amended DIP Financing Approved for Texas Competitive Electric Holdings Company LLC

The US Bankruptcy Court gave an amended order to Texas Competitive Electric Holdings Company LLC to obtain DIP financing on June 28, 2016. As per the amended order, there shall be no changes in the terms of the DIP facility.

DIP Financing Approved for Texas Competitive Electric Holdings Company LLC

The US Bankruptcy Court gave an order to Texas Competitive Electric Holdings Company LLC to obtain DIP financing on June 24, 2016. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $4.25 billion from Deutsche Bank AG New York Branch, Deutsche Bank Securities Inc., Barclays Bank PLC, Citi Group Global Markets Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets, UBS Securities LLC and Natixis, New York Branch with Deutsche Bank AG New York Branch acting as the administrative and collateral agent. Under the exit facility, Senior Term Loan B facilities and Senior Term Loan B facilities would carry an interest rate of either LIBOR plus 5% p.a., with the LIBOR base rate at a minimum of 1% p.a. or an alternate base rate plus 4% p.a. and the Senior Revolving Credit Facility would carry an interest rate of either LIBOR plus 4% p.a., or an alternate base rate plus 3% p.a., along with a default rate of additional 2% p.a. As per the terms of the exit financing agreement, the loan carries a commitment fee of 0.5% p.a. and a fronting fee of 0.125% p.a. The exit facility would mature on October 31, 2017. The proceeds of exit facility would be used to fund the debtor’s reorganization plan and to pay off the claim of debtor’s secured lender. White & Case LLP will represent Deutsche Bank AG New York Branch.

Exit Financing Approved for Energy Future Holdings Corp.

The US Bankruptcy Court gave an order to Energy Future Holdings Corp. to obtain exit financing on June 24, 2016. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $4.25 billion from Deutsche Bank AG New York Branch, Deutsche Bank Securities Inc., Barclays Bank PLC, Citibank, N.A., Credit Suisse AG, Credit Suisse Securities (USA) LLC, Royal Bank of Canada, RBC Capital Markets, UBS AG, Stamford Branch, UBS Securities LLC and Natixis, New York Branch with Deutsche Bank AG New York Branch acting as the administrative and collateral agent. Under the exit facility, Senior Term Loan B facilities and Senior Term Loan B facilities would carry an interest rate of either LIBOR plus 5% p.a., or an alternate base rate plus 4% p.a. and the Senior Revolving Credit Facility would carry an interest rate of either LIBOR plus 4% p.a., or an alternate base rate plus 3% p.a., along with a default rate of additional 2% p.a. As per the terms of the exit financing agreement, the loan carries a commitment fee of 0.5% p.a. and a fronting fee of 0.125% p.a. The exit facility would mature on October 31, 2017. The proceeds of exit facility would be used to fund the debtor’s reorganization plan and to pay off the claim of debtor’s secured lender.

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