Monday, September 12, 2016

Estimated Recoveries for Arch Coal Plan

"The Plan is also in the best interests of Creditors, allowing them to realize the highest possible recoveries under the circumstances, including an (i) estimated recovery to holders of First Lien Credit Facility Secured Claims of up to 58.2%, (ii) estimated recovery of up to 2.9% to holders of Unsecured Funded Debt Claims and (iii) estimated recoveries of approximately 1.9% for holders of General Unsecured Claims, whereas the distributable value to those claims would be up to 21%, zero and zero, respectively, if the Debtors were to be liquidated."

1 comment:

Anonymous said...

The plan was confirmed today.