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Chapter 11 Bankruptcy Auction of Mission Coal Company LLC's Oak Grove, Seminole Alabama and Maple Eagle Mining Complexes



By Ambrogio Visconti

May 7, 2019 - Murray Energy Corporation has been declared the successful bidder in the Chapter 11 bankruptcy auction of Mission Coal Company LLC’s Oak Grove, Seminole Alabama and Maple Eagle mining complexes (“Mission Assets”), located in Alabama and West Virginia. Murray Energy has formed a new, majority-owned unrestricted subsidiary company, Murray Metallurgical Coal Holdings LLC, to acquire and operate the Mission Assets, with its existing JV partner, Javelin Global Commodities (UK) Ltd., as the minority owner of the newly formed subsidiary. Murray Energy’s acquisition of the Mission Assets provides a significant entrance into the metallurgical coal market, allowing for diversification of its portfolio of quality mining assets.

The Schulte team advising Murray Energy Corporation is led by M&A and securities partner Andrew Fadale (Picture) and business reorganization special counsel James Bentley. The team also includes M&A and securities special counsel Gregory Kinzelman and associates Sarah Sullivan and Christian Bonser; employment & employee benefits partners Ronald Richman and Ian Levin and special counsel Scott Gold; finance partner Kirby Chin; and tax partner Dan Kusnetz and associate Joanna Caytas.

Involved fees earner: James Bentley – Schulte Roth & Zabel; Christian Bonser – Schulte Roth & Zabel; Joanna Diane Caytas – Schulte Roth & Zabel; Kirby Chin – Schulte Roth & Zabel; Andrew Fadale – Schulte Roth & Zabel; Scott Gold – Schulte Roth & Zabel; Gregory Kinzelman – Schulte Roth & Zabel; Dan Kusnetz – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Ronald Richman – Schulte Roth & Zabel; Sarah Sullivan – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel


Clients: Murray Energy Corporation