Bankruptcy Law

Cambrian Coal Files for Bankruptcy Protection in Kentucky

June 17, 2019, 3:40 PM

Coal producer Cambrian Coal and 17 affiliates filed for bankruptcy protection.

  • The company listed debt of as much as $500 million and assets of as much as $50 million in Chapter 11 documents filed Sunday, June 16, in U.S. Bankruptcy Court in Lexington, Ky.
  • Affiliates including Apex Energy, Bear Branch Coal, Shelby Resources and Whitaker Coal also sought protection
  • The company will seek interim approval of up to $12 million of a $15 million debtor-in-possession financing from Richmond Hill Capital Partners and Essex Equity Joint Investment Vehicle

The case is In re Cambrian Holding Co. Inc., Bankr. E.D. Ky., No. 19-bk-51200, petition filed 6/16/19

To read the full article log in. To learn more about a subscription click here.