Dynegy Inc. Announces Exchange Offers for up to $1.25 Billion in Senior Notes, Senior Unsecured Notes, Senior Debentures and Subordinated Capital Income Securities of Dynegy Holdings, LLC

Dynegy Inc. DYN announced today that it has commenced offers to exchange (the Exchange Offers) up to $1,250,000,000 principal amount of the outstanding notes, debentures and capital income securities (the Old Notes) of Dynegy Holdings, LLC (DH), its direct, wholly-owned subsidiary, for Dynegy's new 10% Senior Secured Notes due 2018 (the New Notes) and cash.