Bosque Lenders Pitch Plan To Pick Up All Equity

Law360, New York (August 3, 2010, 4:36 PM EDT) -- Less than two weeks after winning a shortening of Bosque Power Co. LLC's exclusivity period, senior lenders of the bankrupt power company have submitted their own reorganization plan that would see them receive all of the equity in the reorganized Bosque.

Holders of more than $415 million in secured debt would receive a pro rata share of 100 percent of the equity in the reorganized Bosque under the plan, according to a disclosure statement submitted Monday in the U.S. Bankruptcy Court for the Western District of...
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