Bosque Power Ch. 11 Plan Envisions $43M Equity Blast

Law360, New York (July 20, 2010, 4:40 PM EDT) -- Bosque Power Co. LLC has launched a proposed blueprint for reorganization that would see its equity sponsor pouring a $42.5 million infusion into the bankrupt electricity generator in exchange for an 85 percent stake in the reorganized company, a move that has already come under fire from senior lenders.

Under the terms of Bosque's disclosure statement, filed Monday in the U.S. Bankruptcy Court for the Western District of Texas, the financial boost from investment firm Arcapita Bank BSC would back the company's reorganization and allow Bosque's...
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