Sundevil Power Holdings, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On February 11, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Sundevil Power Holdings, LLC and its affiliates.

The filing was assigned docket number 16 and is described on the court’s official docket as follows:

Debtors’ Motion For Entry Of Interim And Final Orders Pursuant To Sections 361, 362, 363 and 364 Of The Bankruptcy Code And Rule 4001 Of The Federal Rules Of Bankruptcy Procedure (A) Authorizing The Debtors To (I) Use Cash Collateral Of The Prepetition Secured Parties, (II) Obtain Secured Superpriority Postpetition Financing And (III) Provide Adequate Protection To The Prepetition Secured Parties And (B) Scheduling Final Hearing Filed By Sundevil Power Holdings, LLC Hearing scheduled for 2/12/2016 at 09:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #5, Wilmington, Delaware. (Attachments: # 1 Proposed Form of Order # 2 Exhibit 1 to the Order # 3 Exhibit 2 to the Order)(Kortanek, Steven) Modified docket text on 2/11/2016 (LMD). (Entered: 02/11/2016)

Sundevil Power Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 11, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 16-10369. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Vinson & Elkins L.L.P. is acting as lead bankruptcy counsel to Sundevil Power Holdings, LLC in the bankruptcy case.


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