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