Grapevine Energy Holdings, LLC, formerly Global Clean Energy Holdings, Inc., a vertically integrated renewable fuels company, today 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 (the “Plan”), which was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) on July 28, 2025.
- Emerges from Chapter 11 as a privately-held company under new ownership
- Secures over $60 million in exit financing, contract support, and additional working capital liquidity
- Announces new executive leadership and Board of Directors to support execution of go-forward strategy
Importantly, through this process the Company has significantly enhanced its financial position by addressing prepetition indebtedness and claims, as well as securing more than $60 million in exit financing commitments, operations and maintenance contract support, and additional working capital liquidity, each pursuant to the Plan.
The Company emerges with a resilient capital structure that is privately held by the Senior Lenders, led by OIC, and CTCI Americas, Inc. The Company also announced a reconstituted Board of Directors with the addition of significant operational and financial leadership experience. Grapevine’s new Board of Directors consists of Gerrit Nicholas, Ethan Shoemaker, Matthew Kondratowicz, Igor Radomyshelsky, Todd Chen, Michael Yang, and Brian Coffman.
Additionally, the Company announced the appointment of Igor Radomyshelsky, as Interim Chief Executive Officer, and Matt Kondratowicz as Chief Strategy Officer, both of whom also serve on the Board of Directors. Noah Verleun will be taking on the role of CEO of the upstream camelina platform, overseeing its growth and strategic development.
Gerrit Nicholas, incoming Chairman of Grapevine’s new board of directors said, “The team has taken tremendous steps over the last several years to put the Company on a trajectory for enduring success. As Grapevine emerges from Chapter 11, we are well positioned to drive continued safe and reliable operations, increase profitability, and maximize the value of our Upstream feedstock business. The relationships Igor and Matt have cemented with the existing leadership team combined with their deep understanding of Grapevine’s operational strengths, make them ideally suited to lead this new phase of our journey.”
The Company intends to file a Form 15 with the Securities and Exchange Commission (the “SEC”) evidencing the termination of the registration of its securities under Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”) and suspending its reporting obligations under Section 15(d) of the Exchange Act. As a result of such filing, the Company will no longer be obligated to and will not file any further current or periodic reports with the SEC.
For more information about the Company’s restructuring, including access to documents filed with the Court, visit https://dm.epiq11.com/case/gceholdings/info.
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