DJ PG&E Shares Rising in Tuesday Trade After Co. Secures DIP Financing
By Stephen Nakrosis
Shares of California electric utility holding company PG&E Corp. (PCG) are rising in Tuesday's trading session, following reports the company secured $5.5 billion in debtor-in-possession financing.
At 3 p.m. EDT, shares are up 7.4% at $7.76. Volume is over 41.9 million shares, above the 65-day daily average of 22.5 million.
PG&E said it has a commitment letter with JPMorgan Chase & Co., Bank of America Corp., Barclays PLC and Citigroup Inc. for $5.5 billion in senior secured superpriority financing. The company said it intends to file for bankruptcy protection before the end of the month as it faces more than $30 billion in potential liability costs related to its role in sparking wildfires.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2019 15:08 ET (20:08 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
DJPG&E股票週二上漲後，公司。擔保DIP融資
斯蒂芬·納壞死
加州電力控股公司PG&E公司的股份。(PCG)在週二的交易時段上漲，此前有報道稱，該公司獲得了55億美元的債務人持有融資.
下午3點。東電股價上漲7.4%，至7.76美元。成交量超過4，190萬股，高於65天日均成交量2，250萬股.
PG&E表示，它與摩根大通(JPMorganChase&Co.)、美國銀行(BankofAmerica)、巴克萊(BarclaysPLC)和花旗獲得55億美元的高級擔保超優先融資。該公司表示，計劃在本月底前申請破產保護，因為該公司可能面臨300多億美元的潛在責任成本，這與其在引發野火方面的作用有關。
-致函Stephen.nakrd@wsj.com
(完)道瓊斯通訊社
January 22, 2019 15:08 ET (20:08 GMT)
版權所有(C)2019年DowJones&Company，Inc.
譯文內容由第三人軟體翻譯。
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