Murray Metallurgical plan vote split; confirmation hearing now July 22

By Caroline Salls

Pittsburgh, July 6 – Murray Metallurgical Coal Holdings, LLC’s was accepted by one of two voting creditor classes, according to a ballot report filed Friday with the U.S. Bankruptcy Court for the Southern District of Ohio.

All three holders of $171.53 million in pre-bankruptcy term loan claims voted to accept the plan and the one holder of $1.00 in Bay Point secured claims voted to reject it.

In addition, the company said in a notice filed Friday that the plan confirmation hearing previously scheduled for July 8 has been adjourned to July 22.

The planned hearing will continue on July 23, if necessary.

Murray Metallurgical is based in St. Clairsville, Ohio. The company filed bankruptcy on Feb. 11 under Chapter 11 case number 20-10390.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.