New Delaware Chapter 11 Filings – Sundevil Power Holdings, LLC et al.

Cole Schotz
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Sundevil Power Holdings, LLC and SPH Holdco LLC have each filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code before the United States Bankruptcy Court for the District of Delaware (lead case no. 16-10369).  The debtors are merchant power generators and own two 550 megawatt natural gas-fired power blocks of the Gila River Power Station, located in Gila Bend, Arizona.  The cases have been assigned to the Honorable Kevin J. Carey.  The debtors will seek authority to obtain $45 million in debtor-in-possession financing and to sell substantially all of their assets.  The petition (including the consolidated list of top 20 creditors), the first day declaration and the docket are available through Garden City Group.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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