Molycorp, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On June 25, 2015, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Molycorp, Inc. and its affiliates.

The filing was assigned docket number 41 and is described on the court’s official docket as follows:

Objection OCM MLYCo CTB Ltds (I) Objection To Debtors Motion For Interim and Final Orders (A) Authorizing Debtors to Obtain Superpriority Secured Debtor-In-Possession Financing, (B) Authorizing Debtors to Use Cash Collateral, (C) Granting Adequate Protection to the Prepetition Secured Parties, (D) Scheduling a Final Hearing, and (E) Granting Related Relief, (II) Objection to Other First Day Relief and (III) Request for Adequate Protection (related document(s)[18]) Filed by OCM MLYCo CTB Ltd. (Werkheiser, Gregory)

Molycorp, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 25, 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 15-11357. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Molycorp, Inc. in the bankruptcy case.


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