New Chapter 11 Filing - Homer City Generation, L.P.

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Homer City Generation

  • 1/11/17 Recap: Pennsylvania-based GE-owned power company with three coal-fired electric power generating units files a prepackaged Chapter 11 to effectuate a deal to turnover the company's assets to its sale leaseback debtholders.  
  • Jurisdiction: D. of Delaware
  • Capital Structure: $147mm '19 8.137% senior secured notes, $466mm '26 8.734% senior secured notes (Bank of New York Mellon)
  • Company Professionals:
    • Legal: Richards Layton & Finger PA (Mark Collins, Russell Siberglied, Paul Heath, Joseph Barsalona II, Andrew Dean)
    • Financial Advisor: Zolfo Cooper (John Boken)
    • Investment Banker: PJT Partners Inc. (Mark Buschmann, John Singh)
    • Claims Agent: Epiq Bankruptcy Solutions LLC (*click on company name for docket)
  • Other Parties in Interest:
    • Ad Hoc Group of First Lien Bondholders:
      • Legal: O'Melveny & Meyers LLP (George Davis, Andrew Parlen, Matthew Kremer, Joseph Zujkowski) & (local) Young Conaway (Sean Beach)
      • Financial Advisor: Charles River Associates
      • Investment Banker: Houlihan Lokey 
    • Bank of New York Mellon
      • Legal: Emmet, Marvin & Marvin LLP (Thomas Pitta)
    • General Electric
      • Legal: Weil (Robert Lemons, Sunny Singh) & (local) Reed Smith LLP (Kurt Gwynne)

Updated 1/23/17