Energy Future Holdings made an interest payment of about $270 million to subordinated bondholders on Friday, setting the stage for a few more months of restructuring talks that are likely to come to a head early next year, Reuters reported on Friday. The Texas power generator has been negotiating for months with creditors to restructure its $40 billion in debt ahead of an expected bankruptcy filing. Friday was expected to be a deadline in those talks, with senior lenders hoping the company would skip the payment to subordinated bondholders and file for chapter 11 instead. But the company made the payment on schedule, EFH spokesman Allan Koenig said, two days after a source close to the matter told Reuters the company was leaning toward paying it.
