Dynegy 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Date of Report (Date of earliest event reported)
DYNEGY HOLDINGS, LLC
(Exact name of registrants as specified in their charters)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
7.01 Regulation FD Disclosure.
As previously disclosed, on November 7, 2011, Dynegy Holdings, LLC (DH) and four of its wholly-owned subsidiaries, Dynegy Northeast Generation, Inc., Hudson Power, L.L.C., Dynegy Danskammer, L.L.C. and Dynegy Roseton, L.L.C. (collectively, the Debtor Entities), filed voluntary petitions for relief (the Chapter 11 Cases) under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division (the Court). Dynegy Inc. (Dynegy) and its subsidiaries, other than the five Debtor Entities, did not file voluntary petitions for relief and are not debtors under Chapter 11 of the Bankruptcy Code and, consequently, continue to operate their businesses in the ordinary course. On March 6, 2012, Dynegy and DH, as co-plan proponents, filed a Second Amended Chapter 11 Plan of Reorganization for DH (the Second Amended Plan) and related disclosure statement with the Court. On May 1, 2012, Dynegy, Dynegy Gas Investments, LLC (DGIN), Dynegy Coal Holdco, LLC (Coal Holdco), the Debtor Entities and certain of the Debtor Entities creditors representing DHs major creditor constituencies (collectively the Original Settlement Parties) entered into a settlement agreement (the May 1 Settlement Agreement). On the same date, certain of the Original Settlement Parties also entered into a plan support agreement (the May 1 Plan Support Agreement). Subject to the terms and conditions contained in the May 1 Plan Support Agreement, Dynegy and DH each agreed to amend the Second Amended Plan to reflect the terms contained in the May 1 Plan Support Agreement.
On May 30, 2012, the Original Settlement Parties, holders of a majority of the outstanding subordinated notes (the Consenting Sub-Debt Holders) and, solely with respect to certain sections of the Amended Settlement Agreement (as defined below), the successor trustee under DHs subordinated notes indenture entered into an amended and restated settlement agreement (the Amended Settlement Agreement). Also on May 30, 2012, the parties to the May 1 Plan Support Agreement and the Consenting Sub-Debt Holders entered into an amended and restated plan support agreement (the Amended Plan Support Agreement and, together with the Amended Settlement Agreement, the Amended Agreements). On May 30, 2012, the Amended Agreements were filed with the Court subject to Court approval. On June 1, 2012, Dynegy issued a press release announcing that it has received approval from the Court for the Amended Settlement Agreement. A copy of Dynegys June 1, 2012 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by this reference.
Pursuant to General Instruction B.2 of Form 8-K and Securities and Exchange Commission Release No. 33-8176, the information contained in the press release furnished as an exhibit hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. In addition, the press release contains statements intended as forward-looking statements which are subject to the cautionary statements about forward-looking statements set forth in such press release.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.