---
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"
generated_at: "2026-06-13T10:17:19.627636+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Alpine Summit Energy Partners files Chapter 11 bankruptcy; $15.5M DIP financing secured

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-23-014813
- form_type: 8-K
- cik: 0001882607
- company_name: ALPINE SUMMIT ENERGY PARTNERS, INC.
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-014813
- JSON: https://secwatch.observer/filing/0001062993-23-014813.json
- Plain text: https://secwatch.observer/filing/0001062993-23-014813.txt

## Key facts
- Debt Financings
  ALPINE SUMMIT ENERGY PARTNERS, INC. faced acceleration on senior notes of approximately $82.7 million with UMB Bank, N.A..
  - Instrument: senior notes
  - Principal: approximately $82.7 million
  - Counterparty: UMB Bank, N.A.
  - Event: acceleration
  source text: " 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_url: https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm
- Debt Financings
  ALPINE SUMMIT ENERGY PARTNERS, INC. faced acceleration on credit facility of approximately $54.0 million with Bank7.
  - Instrument: credit facility
  - Principal: approximately $54.0 million
  - Counterparty: Bank7
  - Event: acceleration
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm
- Distress & Bankruptcy
  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).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
  - Petition: 2023-07-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1882607/000106299323014813/0001062993-23-014813-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.