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All fracked up

6 April 2011 By Agnes Crane

Partly to quiet an agitating hedge fund, KKR and TPG want to rejig a $20 bln loan that funded the record LBO of the Texas power giant in 2007. But pushing maturity from 2014 to 2017 would make repayment a bet on U.S. natural gas prices. That’s a wager lenders needn’t make yet.

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