April 23, 2018 / 11:47 AM / 3 months ago

BRIEF-FirstEnergy Announces Agreement With Creditors In FirstEnergy Solutions' Chapter 11 Proceedings

April 23 (Reuters) - FirstEnergy Corp:

* FIRSTENERGY ANNOUNCES AGREEMENT IN PRINCIPLE WITH CREDITORS IN FIRSTENERGY SOLUTIONS’ CHAPTER 11 PROCEEDINGS

* FIRSTENERGY - CREDITORS IN AGREEMENT INCLUDE MAJORITY OF BRUCE MANSFIELD CERTIFICATE HOLDERS

* FIRSTENERGY - SETTLEMENT INTENDED TO FULLY RELEASE CO AND RELATED PARTIES FROM ALL CLAIMS

* FIRSTENERGY - AGREEMENT AFFIRMS CO’S GUARANTEES AND ASSURANCES OF CERTAIN FES EMPLOYEE-RELATED OBLIGATIONS

* FIRSTENERGY - AGREEMENT WITH TWO GROUPS OF KEY CREDITORS IN CHAPTER 11 PROCEEDINGS OF CO ON SETTLEMENT OF POTENTIAL CLAIMS AMONG FE, FES, CREDITORS

* FIRSTENERGY - AGREEMENT PROVIDES FOR WAIVER OF CERTAIN INTER-COMPANY CLAIMS HELD BY CO Source text for Eikon: Further company coverage:

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