PG&E Corporation: PG&E Issues Update on Offers for Committed Financing for Plan of Reorganization - The Wall Street Transcript

PG&E Corporation: PG&E Issues Update on Offers for Committed Financing for Plan of Reorganization - The Wall Street Transcript: SAN FRANCISCO--(BUSINESS WIRE)-- PG&E Corporation (NYSE: PCG) and Pacific Gas and Electric Company (collectively, 'PG&E') today announced that, following the earlier proposal made by Abrams Capital Management and Knighthead Capital Management, PG&E has been offered substantially similar equity capital commitments from a number of financial institutions in support of a plan of reorganization of PG&E. These commitments currently exceed $12 billion.
[...]

This is an abstract of the document. To keep reading, click here and get access to the original version.