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.
Contact Norman L. Pernick, Nicholas J. Brannick, or David W. Giattino for more information.