USA Synthetic Fuel Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On March 19, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of USA Synthetic Fuel Corporation and its affiliates.

The filing was assigned docket number 25 and is described on the court’s official docket as follows:

Order (INTERIM) (I) Authorizing Debtors to Obtain Postpetition Financing, (II) Granting Liens and Superpriority Claims to Postpetition Lenders, (III) Authorizing Use of Cash Collateral, and (IV) Providing Adequate Protection to Prepetition Secured Lenders. (Related Doc # [7]) Order Signed on 3/19/2015. (Attachments: # (1) Annex A – Part 1 # (2) Annex A – Part 2) (LCN)

USA Synthetic Fuel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 17, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-10599. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to USA Synthetic Fuel Corporation in the bankruptcy case.


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