Longview Power LLC says that it has found the financing needed to fix its coal-fired power plant and its balance sheet, setting the stage for an exit from bankruptcy in March 2014, Dow Jones Daily Bankruptcy Review reported today. Lenders have agreed to bail out the company with a financing package of up to $150 million, in a deal that will allow them to own as much as 90 percent of the power-plant operation once it's out of chapter 11, according to court papers.
