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

On July 16, 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 194 and is described on the court’s official docket as follows:

Limited Objection Limited Objection of Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent, to Motion of the Debtors for Interim and Final Orders Pursuant to Sections 105, 361, 362, 363, 364, 365 and 506 of the Bankruptcy Code: (I) Authorizing Debtors to Obtain Superpriority Secured Debtor in Possession Financing; (II) Authorizing Debtors to Use Cash Collateral; (III) Granting Adequate Protection to Prepetition Secured Parties; and (IV) Granting Related Relief (related document(s)[109], [173]) Filed by Wells Fargo Bank, National Association, as indenture trustee and collateral agent (Attachments: # (1) Certificate of Service) (Gwynne, Kurt)

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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