September 26, 2016 5:14 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Big Brown Lignite Company LLC

Company Overview

Big Brown Lignite Company LLC owns lignite reserves. The company was formerly known as TXU Big Brown Lignite Company LP. The company is headquartered in Dallas, Texas. Big Brown Lignite Company LLC operates as a subsidiary of Luminant Holding Company LLC. On April 29, 2014, Big Brown Lignite Company LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

1601 Bryan Street

Energy Plaza

Dallas, TX 75201

United States

Phone:

214-812-4600

Key Executives for Big Brown Lignite Company LLC

Chairman and Chief Executive Officer
Age: 48
Principal Financial Officer and Senior Vice President
Principal Accounting Officer and Senior Vice President
Age: 68
Compensation as of Fiscal Year 2016.

Big Brown Lignite Company LLC Key Developments

Fourth Amended Joint Reorganization Plan and Disclosure Statement Filed by Energy Future Holdings Corp.

Energy Future Holdings Corp. filed a joint fourth amended plan of reorganization and related disclosure statement as it applies to the EFH debtors and EFIH debtors in the US Bankruptcy Court on September 21, 2016. As per the plan, the debtor has amended the terms for the sale of substantially all its assets to NextEra Energy, Inc. As per the amended terms of the sale, the purchase price has been increased from $18.4 million to $18.7 million. There shall be no other changes in the treatment of any other claim class.

First Amended DIP Financing Approved for EFIH Debors of Energy Future Holdings Corp.

The US Bankruptcy Court gave an amended order to Energy Future Holdings Corp. to obtain DIP financing on September 20, 2016. As per the amended order, the commitment under the facility has been increased by $75 million and the DIP maturity date has been modified from December 19, 2016 to June 30, 2017.

Motion for Asset Sale Approved for Energy Future Holdings Corp.

The US Bankruptcy Court gave an order approving the sale substantially all the assets of Energy Future Holdings Corp. on September 19, 2016. The debtor has been authorized to sell substantially all its assets to NextEra Energy, Inc. for a purchase price of $18.7 billion, as per the revised terms of the asset purchase agreement. The transaction is expected to close in the first quarter of 2017. Adam G. Landis and Matthew B. McGuire of Landis Rath & Cobb LLP acted as the legal advisor for NextEra Energy and Kirkland & Ellis LLP acted as the legal advisor to Energy Future Holdings Corp.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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