Molycorp, Inc. Files for Chapter 11 Bankruptcy Protection in Delaware

Molycorp, Inc. (NYSE: MCP) voluntarily filed for Chapter 11 bankruptcy protection at 2:03 a.m. Thursday morning in Wilmington, Delaware.  The company reported assets of approx. $2.5 billion and liabilities of approx. $1.8 billion, both as of March 31, 2015.  According to court filings, “Molycorp operates a vertically integrated, global supply chain that combines a world-class rare earths resource with manufacturing facilities that can produce a wide variety of custom engineered, advanced rare earth materials.”

Molycorp is represented in the bankruptcy cases by the following professional services firms: (a) AlixPartners LLP, (b) Prime Clerk, LLC, (c) Jones Day, (d) Young, Conaway Stargatt & Taylor LLP and (e) Miller Buckfire & Co., LLC.

A copy of the company’s voluntary Chapter 11 petition is embedded below.

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