Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Sidley says AHUSCO’s Chapter 11 plan became effective
Sidley said the Chapter 11 plan of Alea Holdings US Company and its debtor affiliates became effective on September 30, 2026. The firm said it obtained confirmation on September 10 in the Southern District of Texas and described the restructuring as a consensual resolution of approximately $280 million in debt.
Key points
- Sidley said the debtors filed for Chapter 11 on July 19, 2026.Sidley
- The firm said the plan followed a prefiling restructuring support agreement.Sidley
- Sidley said all voting classes supported the plan and no objections were filed.Sidley
- The firm said Stephen Hessler, Duston McFaul and Ameneh Bordi led its restructuring team.Sidley