Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Bonds

GenOn Energy Plan Confirmed, Summarized

The U.S. Bankruptcy Court confirmed GenOn Energy's Third Amended Chapter 11 Plan of Reorganization, which notes, "The GenOn Notes Claims are allowed in the aggregate amount of not less than $1,874,906,601, comprised of $718,292,857 for Claims derived from or based upon the 7.875% GenOn Notes, $659,598,136 for Claims derived from or based upon the 9.50% GenOn Notes, and $497,015,608 for Claims derived from or based upon the 9.875% GenOn Notes, in each case including accrued interest as of the Petition Date. The GAG Notes Claims are allowed in the aggregate amount of not less than $704,796,634, comprised of $372,210,762 for Claims derived from or based upon the 8.50% GAG Notes and $332,585,872 for Claims derived from or based upon the 9.125% GAG Notes, in each case including accrued interest as of the Petition Date." This power generation facility operator filed for Chapter 11 protection on June 14, 2017, listing $4.9 billion in pre-petition assets. Visit BankruptcyData for the full Plan Summary.

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