CalPlant extends DIP bonds maturity date to May 31

By Sarah Lizee

Olympia, Wash., March 30 – CalPlant I Holdco, LLC received the asked-for extension on the maturity date of its debtor-in-possession financing in the form of bonds, according to an order filed with the U.S. Bankruptcy Court for the District of Delaware.

The new maturity date will be May 31, 2023. The bonds were set to mature on March 31, 2023.

As reported before, the company originally borrowed $37.4 million from the original DIP bonds in October 2021, took out another $15 million in March 2022, obtained $18.3 million in September 2022 and received approval for $10.2 million in November 2022.

Willows, Calif.-based CalPlant manufactures sustainably sourced building products. The company filed Chapter 11 bankruptcy on Oct. 5, 2021 under case number 21-11302.

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