Almond Farmer Hits Ch. 11 With $188M Debt, Sale Plans

By Clara Geoghegan · February 20, 2024, 6:37 PM EST

An almond ranch operator in California and 18 of its affiliates have petitioned for Chapter 11 protection, laying out plans to use $30 million in debtor-in-possession financing to maintain operations while...

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Bankruptcy Scorecard

Summary

A California almond ranch and 18 of its affiliates, which were started by a private equity firm, filed for bankruptcy with plans to use a debtor-in-possession loan to maintain its young orchards while finds buyers for its 17 almond ranches. .

Case Number

24-bk-50211

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Northern District of California

Capital Structure

Total Liabilities:

$188 million

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