Business Restructuring & Insolvency 2021 Annual Review

We serve as bankruptcy counsel to CalPlant I Holdco, LLC and CalPlant I, LLC in their chapter 11 bankruptcy cases. CalPlant is nearing completion of the world’s first manufacturing plant capable of producing medium-density fiberboard using rice straw as feedstock. CalPlant filed for chapter 11 in October 2021 to conduct a marketing process for substantially all of its assets and/or restructure approximately $380 million in secured debt. CalPlant MORRISON & FOERSTER | BRIG 2021 ANNUAL REVIEW 9 8 MORRISON & FOERSTER | BRIG 2021 ANNUAL REVIEW