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PG&E Says Secured 'More Than Two-Thirds' Support For Noteholder Restructuring Support Agreement

PG&E Corporation announced today that it has entered into joinder agreements with additional holders of Utility senior notes for the Restructuring Support Agreement with Utility noteholders that was announced last

Benzinga · 01/29/2020 11:40

PG&E Corporation announced today that it has entered into joinder agreements with additional holders of Utility senior notes for the Restructuring Support Agreement with Utility noteholders that was announced last week (the “Noteholder RSA”). With these joinders, the Noteholder RSA has the support of more than two-thirds in principal amount of holders of two key classes of Utility debt: the Utility's short-term senior notes and the Utility's longer-term, high coupon senior notes. The company is pleased to have these additional consenting noteholders join the Noteholder RSA.