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 5/9/2022 in the Prospect News Distressed Debt Daily.

Ector County granted second interim approval for cash collateral use

Chicago, May 9 – Ector County Energy Center LLC is the recipient of a second interim order authorizing the debtor to use cash collateral, according to a filing with the U.S. Bankruptcy Court for the District of Delaware.

The company may use the cash collateral in which Credit Suisse AG, Cayman Islands, as administrative agent and collateral agent, holds an interest on the collective behalf of the prepetition secured lenders.

The final hearing will be held on May 31.

Objections should be filed before May 24.

Goldsmith, Tex.-based Ector owns and operates a 330 MW natural gas-fired electricity-generating facility. The company filed Chapter 11 bankruptcy on April 11 under case number 22-10320.


© 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.