{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-014813","form_type":"8-K","ticker":null,"cik":"0001882607","company_name":"ALPINE SUMMIT ENERGY PARTNERS, INC.","filed_at":"2023-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.986682+00:00","generated_at":"2026-06-13T10:17:19.627636+00:00","sec_items":["1.01","1.03","2.03","2.04","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Alpine Summit Energy Partners files Chapter 11 bankruptcy; $15.5M DIP financing secured","bullets":["Filed Chapter 11 on July 5, 2023 in Southern District of Texas; intends to sell assets under Section 363.","Existing bank group committed $15.5M DIP financing; $8M available on interim basis to support operations.","Outstanding debt: ~$54M corporate credit facility and ~$82.7M ABS facility; defaults accelerated.","Equity holders likely to receive no distribution; trading in securities deemed highly speculative.","TSX Venture Exchange trading suspended during Chapter 11 process."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-014813","json":"https://secwatch.observer/filing/0001062993-23-014813.json","markdown":"https://secwatch.observer/filing/0001062993-23-014813.md","text":"https://secwatch.observer/filing/0001062993-23-014813.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:17:19.627636+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"abff25a556a132d0e037987a09d557f015f4b00f","claim":"ALPINE SUMMIT ENERGY PARTNERS, INC. faced acceleration on senior notes of approximately $82.7 million with UMB Bank, N.A..","evidence_excerpt":"\" 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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $82.7 million"},{"label":"Counterparty","value":"UMB Bank, N.A."},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"ed9ab8b380f7819f91b93588c5efe43efd85dbc1","claim":"ALPINE SUMMIT ENERGY PARTNERS, INC. faced acceleration on credit facility of approximately $54.0 million with Bank7.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $54.0 million"},{"label":"Counterparty","value":"Bank7"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"1283d8b34bfb2f58e1985d423e644e16d226e2f6","claim":"ALPINE SUMMIT ENERGY PARTNERS, INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2023-07-05).","evidence_excerpt":"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).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas, Houston Division"},{"label":"Petition","value":"2023-07-05"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}