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Dynegy selling $500M of notes to fund JV deal
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Dynegy Inc.is selling $500 million of its senior notes due 2025 in a private placement,according to a Form 8-K filed Oct. 5.
Proceeds from the offering, along with proceeds from thesale of Elwood EnergyLLC and cash on hand, will be used to fund Dynegy's of 'sstake in a joint venture formed to acquire Engie'sU.S. fossil fuel-fired power plants and to partially repay outstandingobligation under its term loans.