Bankrupt Trinity Coal Delays Auction Of Mine Operations

Law360, New York (August 9, 2013, 7:09 PM EDT) -- A Kentucky bankruptcy judge on Thursday approved a bid by Trinity Coal Corp. to hold off on a planned auction for its mining operations in West Virginia and Kentucky, while the company engages in discussions with its parent about a possible $103 million restructuring plan.

U.S. Bankruptcy Judge Tracey N. Wise ordered the maturity date under Trinity’s debtor-in-possession credit agreement to be pushed back until the end of November, and authorized the miner to borrow an additional $7 million from the revolving DIP lenders, on top...
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