Bankruptcy & Restructuring News & Analysis — Conductor

Century Mining Seeks Court Approval for $6M Employee Incentive Program Amid Restructuring; West Virginia Coal Operator Aims to Restart Longwall Mining Operations Through Two-Phase Bonus Plan

January 12, 2025 • Conductor

Century Mining LLC seeks bankruptcy court approval for a $6 million employee incentive program to restart its West Virginia longwall mining operations. The two-phase bonus plan would reward workers for achieving key operational milestones, with 25% paid upon mine re-entry and 75% upon production restart. The company, which filed Chapter 11 in November 2024, aims to incentivize its 362 employees to execute its restructuring strategy.

Steward Health Care Seeks Court Approval for DIP Extension Premium in Chapter 11 Case

January 12, 2025 • Conductor

Steward Health Care seeks court approval for a DIP extension premium arrangement with lenders, extending its financing facility to January 31, 2025. The nation's largest physician-owned healthcare network aims to maintain operational flexibility while managing its restructuring process in Texas bankruptcy court.