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Coal-Fired Sandy Creek Power Plant in Talks on Debt Restructuring


Texas power plant Sandy Creek Energy Station is in talks with lenders about a possible debt restructuring that could include a bankruptcy filing, after the private-equity backed company said it couldn’t repay a loan that comes due this fall, people familiar with the matter said.

The Sandy Creek Energy Station in Riesel, Texas, backed by private-equity firm LS Power Development LLC, is unable to repay an $800 million loan that comes due this November after having lost a major customer.



Read More: Coal-Fired Sandy Creek Power Plant in Talks on Debt Restructuring

2020-07-10 18:41:00

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