August 18, 2017 4:53 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Twentymile Coal LLC

Company Overview

Twentymile Coal LLC provides bituminous coal underground mining services. The company was founded in 1983 and is based in St. Louis, Missouri. As of April 15, 2004, Twentymile Coal LLC operates as subsidiary of Peabody Energy Corporation.

701 Market Street

St. Louis, MO 63101

United States

Founded in 1983

Key Executives for Twentymile Coal LLC

President and Chief Executive Officer
Age: 67
Compensation as of Fiscal Year 2017.

Twentymile Coal LLC Key Developments

Revised Second Amended Reorganization Plan Approved for Peabody Energy Corporation

The US Bankruptcy Court ordered confirming revised second amended plan of reorganization of Peabody Energy Corp. on March 17, 2017. The debtor filed its revised second amended plan in the Court on March 15, 2017. As per the amended plan filed, the administrative claims of $324.09 million, Securitization Facility Claims, professional fee claims, Statutory Fees, Other Priority Claims of $25 million and priority tax claims of $30 million will be paid in full in cash. Contingent DIP Facility claims of $800 million will be paid in full in cash. Secured claim of First Lien Lender claims of $2.98 billion will be paid in cash. The Second lien Notes claims of $1.16 billion will paid in cash and debt both. Other Secured claims of $25 million will be reinstated. The general unsecured claims of PEC will be paid in cash in full satisfaction. General unsecured claims of Encumbered Guarantor debtors will be paid in equity. General unsecured claims of Gold Fields debtors and unencumbered debtors will be paid in cash on pro rata basis in full satisfaction. Unsecured Subordinated Debentures claims- PEC will be paid in cash on pro rata basis in full satisfaction. Convenience claims will have an estimated recovery of 72.5% and will be paid in cash. MEPP claims will be paid in cash and Section 510(b) claims will be cancelled. Intercompany claims and Subsidiary Equity interests will be reinstated. PEC Interests will be cancelled and no distribution will be paid. The plan will be funded from cash on hand, assets sale, issuance of new debt and exit facility. The issuance of reorganized debtor's preferred stock, common stock and rights option.

Motion for Asset Sale Approved for Peabody Energy Corporation

The US Bankruptcy Court approved the sale of certain assets of Peabody Energy Corporation on March 9, 2017. As per the order, debtor has been authorized to sell of debtor's interest in Dominion Terminal Associates to Contura Terminal, LLC and Ashland Terminal, Inc. for a purchase price of $20.45 million, as per the agreement dated March 6, 2017. The buyer has submitted $1.05 million as deposit. Larry E. Parres and John J. Hall of Lewis Rice LLS acted as legal counsels for Contura and Ashland.

Notice of Successful Bidder Filed by Peabody Energy Corporation

Peabody Energy Corporation filed a notice for the successful bidder in the US Bankruptcy Court on March 7, 2017. As per the notice, debtor held an auction for the interest in Dominion Terminal Associates. At the conclusion of the auction, debtor selected Contura Terminal, LLC and Ashland Terminal, Inc. as the successful bidder for a purchase price of $20.45 million, as per the agreement dated March 6, 2017. The buyer has submitted $1.05 million as deposit. Newport News Terminal Associates, LLC has been selected as the backup bidder for a purchase price of $20 million. Sale hearing is scheduled for March 9, 2017. Larry E. Parres and John J. Hall of Lewis Rice LLS acted as legal counsels for Contura and Ashland.

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Recent Private Companies Transactions

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