Latham Advises on Grapevine Energy’s (f/k/a Global Clean Energy) Successfully Completed Financial Restructuring

Grapevine Energy Holdings, LLC, formerly Global Clean Energy Holdings, Inc., a vertically integrated renewable fuels company, has announced that the company and its subsidiaries have emerged from Chapter 11. This milestone marks the successful completion of the company’s restructuring process and implementation of its Chapter 11 Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the Southern District of Texas on July 28, 2025. Importantly, through this process the company has significantly enhanced its financial position by restructuring more than US$2 billion of prepetition claims, as well as securing more than US$60 million in exit financing commitments, operations and maintenance contract support, and additional working capital liquidity, each pursuant to the Plan.

Latham & Watkins LLP represented the senior lenders in connection with the restructuring with a team led by partners Jim Ktsanes, Lauren Anderson, Chirag Dedania, and Jeff Greenberg.