Six years after a record $48 billion buyout left Energy Future Holdings Corp. with debt it couldn’t repay, the power producer formerly known as TXU Corp. is closing in on a last-minute plan to speed its bankruptcy reorganization.
Apollo Global Management LLC, which acquired Chuck E. Cheese last month, is weighing a bid for another chain that mixes food and entertainment, Dave & Buster’s Inc., two people with knowledge of the matter said.
Federal Reserve Chairman Janet Yellen said last week that clarification on how the Volcker Rule treats collateralized loan obligations would be coming “reasonably soon.” Managers of the funds that package junk- rated buyout loans aren’t waiting to find out.
Hypo Real Estate Holding AG, the German lender that received a government bailout, drew offers of as much as 350 million euros ($472 million) for Dublin-based Depfa Bank Plc, two people familiar with the matter said.
The Volcker Rule, aimed at making the financial system safer, is already prompting changes in the high-risk corporate loans market even as regulators spar over how to implement the measure without stunting economic growth.