RESTRUCTURING

摘要

Power utility pacific gas & electric has won court approval to access US$5.5bn debtor in possession financing. The California utility filed for Chapter 11 bankruptcy protection in January after wildfires throughout the state increased liabilities for the company. PG&E's DIP package comprises a US$3.5bn revolving credit facility, a US$1.5bn term loan and a US$500m delayed-draw term loan.