Exclusive: PG&E in talks with banks on multibillion bankruptcy financing – sources

California utility owner PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign the company’s Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from wildfires, people familiar with the matter said on Sunday.

Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *

three × four =