Aurora Adds William McCarthy as Senior Managing Director
September 2, 2020Aurora Named Financial Advisor to FM Coal LLC in Ch 11 Bankruptcy
AURORA NAMED FINANCIAL ADVISOR TO FM COAL LLC CHAPTER 11 BANKRUTPCY
Charlotte, NC – On September 1st, 2020, FM Coal LLC (along with its subsidiaries Best Coal, Inc, Cane Creek, LLC, Cedar Lake Mining, Inc, M.S.&R. Equipment Co., Inc, and Xinergy of Alabama, Inc) filed for Chapter 11 bankruptcy protection in the Northern District of Alabama of the United States Bankruptcy Court (case #: 20-02783) with Aurora Management Partners named Financial Advisor to the Debtors.
FM Coal was formed in 2017 and is engaged in the business of extracting, processing and marketing metallurgical coal and thermal coal from surface mines. The Debtors’ customers include steel and coke producers, industrial customers and electric utilities. Headquartered in Jasper, AL, FM Coal currently has four operational mines in Jefferson County and Walker County, Alabama. In addition, the Company owns or leases sixteen non-operational mines.
The Aurora team advising the FM Coal business includes David Baker, Managing Partner, Tim Turek, Senior Managing Director, and Travis Grody, Senior Consultant. Aurora was engaged by the Company in November 2019.