Bloomberg Law
May 25, 2023, 9:18 PM

Anaergia’s Rialto Bioenergy Subsidiary Starts Chapter 11 (1)

Jim Silver
Jim Silver
Bloomberg News

Anaergia says one of its subsidiaries, Rialto Bioenergy Facility, started voluntary Chapter 11 restructuring proceedings in US Bankruptcy Court for Southern District of California.

  • RBF is 51%-owned by Anaergia’s wholly owned subsidiary, Anaergia Services
  • RBF expects to continue operating its bioenergy facility in Rialto, California, during the restructuring proceeding
  • “As a result of a lack of feedstock available to the facility, RBF has been unable to produce sufficient revenue to cover its costs and debt service”
  • “Anaergia anticipates that with future adequate feedstock for the RBF facility, made possible with additional time and relief from debt service and other payments ...

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