E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/18/2022 in the Prospect News Distressed Debt Daily.

Former Footprint Power seeks post-confirmation exclusivity extension

By Sarah Lizee

Olympia, Wash., Nov. 18 – Salem Harbor Power Development LP, formerly Footprint Power Salem Harbor Development LP, is seeking an extension of its exclusive period to file a Chapter 11 plan by 60 days through Jan. 17, according to a motion filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company’s Chapter 11 plan was confirmed on Aug. 18.

The company said there is a possibility, related to finalizing exit facility documentation, that the plan won’t go effective until after Nov. 18 when the exclusive plan filing period runs out.

The debtor said that while it anticipates the effective date will occur soon, it is seeking the exclusivity extension out of an “abundance of caution.”

A hearing is scheduled for Dec. 8.

The Salem, Mass.-based power plant operator filed bankruptcy on March 23, 2022 under Chapter 11 case number 22-10239.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.