ALPINE SUMMIT ENERGY PARTNERS, INC.: going-concern / distress — Alpine Summit Energy Partners files Chapter 11 bankruptcy; $15.5M DIP financing secured

" Debt Instruments "). As of the Petition Date, the principal amounts outstanding under the Corporate Credit Facility and the ABS Facility were approximately $54.0 million and $82.7 million, respectively. The Debt Instruments provide that as a result of the Chapter 11 Cases, the principal and interest due thereunder shall be immediately due and payable. Any efforts

Facility, the " Debt Instruments "). As of the Petition Date, the principal amounts outstanding under the Corporate Credit Facility and the ABS Facility were approximately $54.0 million and $82.7 million, respectively. The Debt Instruments provide that as a result of the Chapter 11 Cases, the principal and interest due thereunder shall be immediately due and

On July 5, 2023 (the " Petition Date "), Alpine Summit Energy Partners, Inc. (the " Company ") and certain affiliates and related companies (together with the Company, the " Debtors ") filed voluntary petitions (collectively, the " Petitions ," and the cases commenced thereby, the " Chapter 11 Cases ") seeking relief under Chapter 11 of Title 11 of the United States Code (the " Bankruptcy Code ") in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the " Court "). The Chapter 11 Cases will be jointly administered for procedural purposes only under the caption In re Alpine Summit Energy Partners, Inc., et al. (Case No. 23-90739).