Bankruptcy & Restructuring News & Analysis — Conductor
Texas Wind Farm Files for Bankruptcy After Winter Storm Uri Creates $103 Million in Hedge Obligations
Shannon Wind, LLC filed for Chapter 11 bankruptcy seeking to sell its 204.1 megawatt Texas wind farm after Winter Storm Uri created $102.9 million in hedge obligations to Citigroup Energy Inc., with the company holding low amounts of funded debt at $5.1 million
Virginia Hallmark Store Operator Proposes Full Payment Plan for $20.2 Million in Bankruptcy Claims
Virginia-based Hallmark retail store operator proposes Chapter 11 reorganization plan to pay all $20.2 million in creditor claims in full through 2035
F-Star Socorro Seeks $32 Million Replacement DIP Financing and Authority to Use Cash Collateral for Villa Completion
F-Star Socorro filed emergency motions seeking $32 million in replacement DIP financing from B.H. Capital Ventures and authority to use $4.2 million in cash collateral to complete Ritz-Carlton villa construction
Pioneering Nevada Solar Plant with Molten Salt Storage Files Second Bankruptcy After Equipment Failures Slash Production by Half
Tonopah Solar Energy filed its second Chapter 11 bankruptcy in six years after recurring equipment failures cut production at its pioneering molten-salt solar facility by nearly half, leaving it with $173 million in debt and no long-term power contract
Franciscan Friars Seek Emergency Asset Liquidation as California Bankruptcy Cash Runs Low
Franciscan Friars of California seeks court authorization to liquidate $800,000 in securities and access $465,564 in segregated funds as the organization projects cash depletion within two months in its bankruptcy case