Mirant Amends Plan to Exit Bankruptcy

Mirant Corp., a U.S. power producer, filed an amended plan to exit bankruptcy protection by the middle of this year.

Mirant filed a disclosure statement and a reorganization plan with the U.S. Bankruptcy Court in Fort Worth, the company said. Court approval of the disclosure documents will permit creditors to vote on Atlanta-based Mirant’s plan to emerge from bankruptcy protection, the company said.

Mirant in January filed a plan that included canceling its stock, erasing about $4.19 billion in debt and turning over the company to creditors.

Changes to the plan include a valuation section, guidance on structuring the company’s board and a discussion of how foreign operations can be restructured, the company said.