Latham Represents Pine Gate Renewables in Restructuring Over US$7 Billion of Funded Debt and Equity Capital, Securing Approval of US$900-Plus Million Interim DIP Financing and Bidding Procedures

Pine Gate Renewables, LLC, a leading developer and owner-operator of renewable energy projects across the United States with over US$7 billion of funded debt and equity capital, has announced that it is pursuing a strategic and value-maximizing sales process for substantially all of its assets and business operations. Pine Gate's operations will continue uninterrupted while the company continues to engage in a competitive sales process with multiple interested parties to transition ownership of its solar and energy storage project fleet while preserving jobs and maximizing value and pursuing a Chapter 11 plan. To facilitate the sales process and maximize value for all stakeholders, Pine Gate and certain subsidiaries have initiated voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas.

At a hearing on November 10, 2025, Pine Gate secured court approval of more than US$900 million in interim Chapter 11 DIP financing, the company’s proposed bidding procedures, and various operational motions to ensure the company’s operations continue in the ordinary course of business without interruption.

Restructuring & Special Situations partners Ray C. Schrock, Andrew M. Parlen, Alex W. Welch, and Jason B. Gott and associate Jonathan C. Gordon are leading the Latham team representing Pine Gate Renewables in the process, complemented by the firm’s world-class corporate, finance, tax, regulatory, and litigation teams.