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Longview Power

The firm represented the steering committee of secured lenders in the chapter 11 cases of Longview Power and its affiliated debtors in the United States Bankruptcy Court for the District of Delaware. Longview, an operator of electricity generating power plants, initially filed for chapter 11 bankruptcy protection because of a looming interest payment and to protect $59 million in letters of credit. After extensive negotiations among multiple parties with interests in the company, Longview confirmed a plan of reorganization that, among on other terms, paid the secured lenders in full and provided unsecured creditors with a distribution in excess of 22 percent.

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