SANTA ANA, Calif., Sept. 25, 2014 /PRNewswire/ -- EME Reorganization Trust (OTCBB: EMEZU) announced that it has consummated the sale of certain zero coupon unsecured notes (the "EIX Notes") that were previously issued by Edison International (NYSE: EIX) to the EME Reorganization Trust (the "Trust") on September 8, 2014. An unaffiliated third party purchased all the EIX Notes from the Trust at an aggregate purchase price of $400,207,812.94.
The Trust is planning to make a cash distribution to its beneficiaries, consistent with past distributions, in the fourth quarter of 2014.
The Trust was formed in connection with the confirmation and consummation of the Third Amended Joint Chapter 11 Plan of Reorganization (with Technical Modifications) for Edison Mission Energy and certain of its subsidiaries (the "Plan"). The sale by the Trust of its interest in the EIX Notes was expressly contemplated by, and authorized under, the Plan and entry of the Confirmation Order by the Bankruptcy Court.
SOURCE EME Reorganization Trust
