Walter Energy to Auction U.S. Coal Assets
According to Reuters, Walter Energy received court approval to auction its coal assets as part of a proposal to emerge from bankruptcy.
November 25, 2015
Walter Energy
Marielle Mondon
According to Reuters, Walter Energy received court approval to auction its coal assets as part of a proposal to emerge from bankruptcy.
Bloomberg reported that Walter Energy filed for bankruptcy, after reaching a deal that would hand control to key creditors.
Walter Energy amended its credit facility to improve its financial flexibility. According to the company’s 8-K filing, Morgan Stanley Senior Funding served as administrative agent.