Panda Temple Chapter 11 plan unanimously OK’d by voting creditors

By Caroline Salls

Pittsburgh, Jan. 4 – Panda Temple Power, LLC’s plan of reorganization was unanimously accepted by voting creditors, according to a notice filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 69 holders of $302.04 million in pre-bankruptcy credit agreement claims, all 88 holders of $71.88 million in general unsecured claims including secured lender deficiency claims and all 22 holders of $884,489 in general unsecured claims excluding secured lender deficiency claims voted to accept the plan.

The plan confirmation hearing is scheduled for Jan. 8.

Panda is a Temple, Texas-based power company. The company filed bankruptcy on April 17, 2017 under Chapter 11 case number 17-10839.

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