Energy Future Holdings Corp., the Texas power provider that filed for bankruptcy last month, invited holders of about $4 billion in notes to trade that debt for a share of a loan financing its restructuring, Bloomberg News reported yesterday. The opt-in period ends June 6, subject to a court hearing, Energy Future said today in a filing in bankruptcy court. To get full consideration, the notes, issued by Energy Future Intermediate Holding Co. and EFIH Finance Inc., must be tendered by May 19, the company said. Energy Future filed for bankruptcy April 29, seven years after being taken private in a record $48 billion leveraged buyout. The company has said that it expects to complete its restructuring in 11 months.
