New Delaware Chapter 11 Filing – ExGen Texas Power, LLC
ExGen Texas Power, LLC, along with six of its subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12377). ExGen’s Petition reports $100 – $500 million in assets and $500 million – $1 billion in liabilities. According to a March 7th article by Reuters, Exelon’s term loan was trading at 70 cents on the dollar in March when Exelon hired restructuring advisors. The First Day Declaration has not yet been filed. A claims and noticing agent has not yet been proposed. The cases have been assigned to the Honorable Brendan Linehan Shannon.
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