Bankrupt Chilean Power Plant Has CarVal, Cerberus as Creditors

Alto Maipo SpA, a bankrupt hydroelectric power plant project in Chile, has the support of CarVal Investors and Cerberus Capital Management for its restructuring plan.

• Alto Maipo is seeking bankruptcy court approval to enter into a new restructuring support agreement with its biggest stakeholders, court papers filed Monday show
• The so-called RSA would crystallize creditor support for Alto Maipo’s bankruptcy plan as it seeks a federal judge’s blessing to exit Chapter 11
• Several CarVal entities hold Alto Maipo debt totaling about $32 million and have agreed to support the plan, court papers show
• Cerberus Global NPL Fund LP ...