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Armstrong Energy Bankruptcy

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Armstrong Energy (f/k/a Armstrong Land Company) and eight affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Missouri, lead case number 17-47541. The Company, which produces thermal coal, is represented by Richard W. Engel, Jr. of Armstrong Teasdale.

Armstrong Energy’s Chapter 11 petition indicates that a “plan is being filed with this petition”; however, the plan has not yet been docketed. According to a corporate release, the Company “took this action in order to consummate the transfer of substantially all of its assets (the ‘Transaction’) to a new entity to be jointly owned by Knight Hawk Holdings, LLC (‘Knight Hawk’) and the Company’s secured noteholders.”

Armstrong Energy’s executive chair, J. Hord Armstrong, III, explains, “We are confident that this court-supervised process is the best way to close the Transaction expeditiously,” added Armstrong. Upon the close of the proposed Transaction, Knight Hawk will take control of Armstrong’s ongoing operations.

Read more Armstrong Energy bankruptcy news.

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