Magnetation LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On March 7, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Magnetation LLC and its affiliates.

The filing was assigned docket number 647 and is described on the court’s official docket as follows:

Notice of Hearing and Joint Motion for an Order (i) Granting Expedited Relief and (ii) Authorizing the Debtors to Amend the DIP Credit Agreement filed by Magnetation LLC . An affidavit or verification, Memorandum of law, Proof of service, Proposed order. Hearing scheduled 3/15/2016 at 01:00 PM at Courtroom 2A, 2nd floor, 316 North Robert Street, St. Paul, Judge Gregory F. Kishel. (Jamie MNBS) (Entered: 03/07/2016)

Magnetation LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 5, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Minnesota. The case number for the lead bankruptcy case is 15-50307. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Kishel. The law firm of Davis Polk & Wardwell LLP is acting as lead bankruptcy counsel to Magnetation LLC in the bankruptcy case.

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