Walter Energy, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On January 14, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Walter Energy, Inc. and its affiliates.

The filing was assigned docket number 1646 and is described on the court’s official docket as follows:

Motion to Incur Debt Debtors’ Motion for an Order (A) Authorizing the Debtors to Obtain Senior Secured Postpetition Financing, (B) Authorizing Continued Postpetition Use of Cash Collateral, (C) Granting Adequate Protection to Prepetition Secured Parties and (D) Granting Related Relief Filed by Debtor Walter Energy, Inc., et al. (Darby, Patrick)

Walter Energy, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Alabama . The case number for the lead bankruptcy case is 15-02741. The bankruptcy case is currently assigned to United States Bankruptcy Judge Tamara Mitchell. The law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as lead bankruptcy counsel to Walter Energy, Inc. in the bankruptcy case.


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