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