July 28, 2017 1:25 AM ET

Oil, Gas and Consumable Fuels

Company Overview of James River Coal Co.

Company Overview

On March 22, 2016, James River Coal Co. went out of business as per its Chapter 11 liquidation filing under bankruptcy. James River Coal Company, through its subsidiaries, engages in mining and selling metallurgical and industrial coal in eastern Kentucky, southern West Virginia, and southern Indiana. James River Coal Company conducts its mining operations primarily in Central Appalachia and the Midwest. The company was founded in 1988 and is based in Richmond, Virginia.

901 East Byrd Street

Suite 1600

Richmond, VA 23219

United States

Founded in 1988

2,124 Employees

Phone:

804-780-3000

Key Executives for James River Coal Co.

James River Coal Co. does not have any Key Executives recorded.

James River Coal Co. Key Developments

James River Coal Deleted From Other OTC

James River Coal Company new common stock deleted from Other OTC, effective March 23, 2016. The deletion was due to bankruptcy plan effective/shares cancelled.

Second Amended Liquidation Plan Approved for James River Coal Co.

The US Bankruptcy Court approved the second amended plan of liquidation of James River Coal Co. on March 20, 2016. The debtor filed its second amended plan in the Court on March 8, 2016. As per the amended plan, administrative claims, all fees and charges under 28 U.S.C., priority tax claims, other priority claims of $0.5 million, and professional fee claims shall be paid in full in cash. Secured claims of $0.5 million shall receive a recovery of 100% of its allowed amount. 7.875% Senior Notes Parent Claim/7.875% Senior Notes Guarantee Claims of $140.13 million will be paid $10.68 million in cash, a recovery of 3.8%. 10.00% Convertible Senior Notes Parent Claim/ 10.00% Convertible Senior Notes Guarantee Claim of $140.13 million will be paid $2.45 million in cash, a recovery of 1.75%. General Unsecured Claims- Debtor Group 1 of $17.63 million will be paid $0.18 million in cash, a recovery of 1%. General Unsecured Claims- Debtor Group 2 of $105.61 million will be paid $0.53 million in cash, a recovery of 0.5%. PBGC Parent Claims and PBGC Subsidiary Claims of $55.6 million will be paid $2.11 million in cash, a recovery of 3.8%. Subordinated claims shall be eliminated and shall receive no distribution under the plan. All the intercompany claims shall be cancelled and shall receive no distribution under the plan. Interests in James River shall be cancelled and shall receive no distribution under the plan; while the interests in subsidiary debtors shall be reinstated under the plan. The plan shall be funded from debtor’s cash in hand and sale of assets.

Second Amended Liquidation Plan Filed by James River Coal Co.

James River Coal Co. filed a second amended plan of liquidation in the US Bankruptcy Court on March 8, 2016. As per the plan filed, no changes were made in the treatment of claims.

Similar Private Companies By Industry

Company Name Region
102 Oil Wells in East Texas Field United States
11 Good Energy, Inc. United States
1280 Horizons, LLC United States
1347 Energy Holdings LLC United States
15 Fields in Williston Basin United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact James River Coal Co., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.