Sundevil Power Files for Bankruptcy
Sundevil Holdings Holdings LLC, which operates two gas-fired power plants in Gila Bend, Arizona filed for U.S. Chapter 11 bankruptcy on Thursday, according to court documents.
The company, owned by private equity firm Wayzata Investment Partners, listed $100 million to $500 million of both assets and liabilities in its filing with the U.S. Bankruptcy Court in Wilmington, Delaware.
The company said it would seek court approval to borrow $45 million to support its operations during its bankruptcy.
(Reporting by Tom Hals in Wilmington, Delaware)
