From The James River Coal First Day Motions $JRCC

Regarding the capital structure:

The Debtors have approximately $534 million in indebtedness and related obligations, consisting principally of: (a) $64,731,988.00 in undrawn letters of credit outstanding, plus accrued and remaining commission charges thereon, and approximately $188,918.66 in fees, expenses and other charges outstanding owed under the Prepetition Credit Agreement, (b) approximately $4,203,887.69 owing under the Master Lease, (c) $47.3 million in aggregate principal amount of 4.500% convertible senior unsecured notes due 2015 (the “4.5% Convertible Senior Notes”), (d) $13.3 million in aggregate principal amount of 3.125% unsecured convertible senior notes due 2018 (the “3.125% Convertible Senior Notes”), (e) $270 million in aggregate principal amount of 7.875% senior unsecured notes due 2019, which are guaranteed by all of the Debtor subsidiaries of JRCC (the “7.875% Senior Notes”) and (f) $133.9 million of 10.0% convertible senior unsecured notes due 2018, which are guaranteed by all of the Debtor subsidiaries of JRCC (the “10.0% Convertible Senior Notes”).

And about the sale process,

Upon the conclusion of the chapter 11 process, the Debtors expect to restructure their debt obligations and capital structure, and hopefully have obtained the highest recovery possible for creditor constituencies through a chapter 11 plan of reorganization or a sale or series of sales pursuant to section 363 of the Bankruptcy Code.