Blackhawk's Ch. 11 Debt Swap Plan Confirmed In Del.

Law360, Wilmington (August 28, 2019, 4:40 PM EDT) -- Coal mining company Blackhawk Mining LLC received court approval Wednesday in Delaware for its prepackaged Chapter 11 plan of reorganization, which will swap more than $650 million in secured debt for the new equity of the company.

During a hearing in Wilmington, U.S. Bankruptcy Judge Laurie Selber Silverstein agreed to confirm the plan subject to certain modifications that would make clear all of the debtor's landlords would be unimpaired under the plan and that any sale of assets before the plan's effective date would be sent out on notice to parties in interest.

Debtor attorney Joseph Graham of Kirkland & Ellis...

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!