Sidley is representing Plenty Unlimited Texas LLC (“Plenty”) and certain affiliates in its Chapter 11 cases filed on March 23, 2025 in the U.S. Bankruptcy Court for the Southern District of Texas. Plenty, an innovative agricultural technology company with a unique indoor vertical farming platform, filed a prearranged Chapter 11 plan to restructure its liabilities, streamline operations, and focus its go-forward operations. At the “first day” hearing on March 24, 2025, the bankruptcy court granted all of the company’s requested relief, including conditional approval of the disclosure statement, approval of the proposed bid procedures, and approval of US$20.7 million of DIP financing on an interim basis, aimed to provide Plenty with the necessary liquidity to support its operations throughout the planned process.
The team consists of Duston K. McFaul, Anthony R. Grossi, Ameneh Bordi, Weiru Fang, Margaret R. Alden, Chelsea McManus, and law clerks Vivian Li and Julia Jean (JJ) Citron (all Restructuring); S. Scott Parel, Nick DeAngelis, Ellen Heighten, and Staci C. Alexander (M&A); William D. Howell and Jocelyne E. Kelly (Capital Markets); and Suresh T. Advani and Alice W. Qin (Tax).
