---
title: More Bad News For Bondholders On Make-Whole Premiums
date: 2015-07-16T00:00:00-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/articles/more-bad-news-for-bondholders-on-make-whole-premiums"
section: Articles
---
# More Bad News For Bondholders On Make-Whole Premiums

  July 16, 2015

Law360

 

 

 

 

 

 

Special counsel [Ben Feder](/Our-People/Benjamin-Feder) authored the *Law360* article, ​“More Bad News For Bondholders On Make-Whole Premiums.” The article discusses Judge Christopher Sontchi’s decision that Energy Future Holdings had no obligation to pay back a make-whole premium worth more than $400 million in its chapter 11 bankruptcy. The decision demonstrates that only clear and express language in applicable debt documents can serve to support a claim for payments, and that the automatic acceleration of debt due to bankruptcy cannot be undone for purposes of imposing make-whole premium liability on debtors.

 

 

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