NRG REMA LLC

October 16, 2018

NRG REMA LLC, an indirect subsidiary of bankruptcy veteran GenOn Energy Inc., has filed for bankruptcy to effectuate a prepackaged plan of reorganization supported by “REMA, the independent directors of GenOn (who are advised by independent advisors), the independent directors of REMA (who are advised by independent advisors), more than 90% of holders of those certain Series C Pass-Through Trust Certificates due 2026, Public Service Enterprise Group and the steering committee of GenOn noteholders.”

We don’t really have much to add so we’ll leave it at that.

• Jurisdiction: S.D. of Texas (Judge Jones)

• Company Professionals:

  • Legal: Kirkland & Ellis LLP (James Sprayragen, David Seligman, Steven Serajeddini, W. Benjamin Winter, AnnElyse Scarlett Gibbons) & (local) Zack A Clement PLLC

  • Legal to Governance Committee of BOD: Akin Gump Strauss Hauer & Feld LLP

  • Financial Advisor: Alvarez & Marsal LLC

  • Investment Banker: Rothschild

  • Claims Agent: Epiq Bankruptcy Solutions LLC (*click on company name above for free docket access)

• Other Parties in Interest:

  • Lease Indenture Trustees and Pass Through Trustee

    • Legal: Hogan Lovells US LLP (Robert Ripin, Alex Sher)

  • Consenting PTC Holders

    • Legal: Paul Weiss Rifkind Garrison & Wharton LLP (Andrew Rosenberg, Elizabeth McColm, Alexander Woolverton)