Mirant raises prospect of bankruptcy

Energy company Mirant asked its bank lenders to approve a pre-packaged bankruptcy plan in June, suggesting the Atlanta-based company could be forced to file for Chapter 11 bankruptcy.


Mirant, which is trying to refinance $5.3 billion of debt, had earlier asked its bondholders to approve the plan, which is a contingency measure should its refinancing plan fail. The company has a total of $8.9 billion of debt.

“ Our strong preference is to achieve a financial restructuring out of court, and we remain hopeful we can do so,” said Marce Fuller, president and chief executive of Mirant, in a statement on June 20.

But Mirant’s troubles worsened in mid-June, when bondholders

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here