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Dynegy said it has reached an agreement with some of its bondholders to restructure $1.4 billion of debt held by subsidiaries of the company that filed for bankruptcy late Monday.

The Houston-based power company put its subsidiary Dynegy Holdings and four affiliates under protection in U.S. Bankruptcy Court in Poughkeepsie, N.Y., as it struggles to cope with roughly $6.2 billion in debt, according to court papers.

Denver Post staff and wire reports

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