UPDATE 1-PG&E shares surge as company secures $5.5 bln in bankruptcy financing
January 22, 2019 at 14:38 PM EST
U.S. power producer PG&E Corp's shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection.
