Blackhawk Mining Gets OK For $240M Ch. 11 Financing

Law360, Wilmington (August 13, 2019, 7:38 PM EDT) -- A Delaware bankruptcy judge on Tuesday gave final approval to coal miner Blackhawk Mining LLC’s $240 million in post-petition financing in its Ch. 11 after some concerns raised by a group of Blackhawk's landlords about liens they called into question were resolved.

At a hearing in Wilmington, U.S. Bankruptcy Judge Laurie Selber Silverstein signed off on the two-tiered debtor-in-possession package, which includes a $150 million post-petition term loan that infuses $50 million of new money into the Blackhawk estate while rolling up on a creeping basis $100 million in existing term loans.

The DIP also includes a $90 million asset-based revolving...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS