Liability management exercises · defined & tracked

liabilitymanagement.ca

Deal Tracker

Energy Future Holdings / TXU

2009–2013 · US · Various · Bankruptcy

Ran a 'liability management programme' from 2009, using buy-backs, asset sales and drop-down-style transactions to improve its balance sheet opportunistically rather than only in distress. One of the earliest uses of the term.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 2.96, 2.145–2.147.