Davis Polk, Curtis Grab Roles on Patriot Coal's Chapter 11 Case
St. Louis–based Patriot Coal filed for bankruptcy in Manhattan on Monday, listing $3.5 billion in assets against more than $3 billion in liabilities. Lawyers from Davis Polk & Wardwell and Curtis, Mallet-Prevost, Colt & Mosle are advising the company, one of the largest to initiate Chapter 11 proceedings so far this year.
By Brian BaxterJuly 10, 2012
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Marshall Huebner, the cohead of Davis Polk’s insolvency and financial restructuring group, is leading a team from the firm advising Patriot Coal that also includes partners Brian Resnick and Damian Schaible. Davis Polk,
which has handled corporate work for Patriot Coal in the past, has not yet filed billing statements with the bankruptcy court.
Steven Reisman, cochair of the restructuring and insolvency group at Curtis, is serving as conflicts counsel to Patriot Coal. The firm has also not yet filed billing statements with the bankruptcy court for its work on behalf of the coal producer.
Patriot Coal has secured $802 million in debtor-in-possession financing from Barclays, Citigroup, and Bank of America/Merrill Lynch to continue operating while the Chapter 11 process unfolds. The debtor,
which was spun off from St. Louis-based Peabody Energy in 2007, is one of the largest coal miners east of the Mississippi River with mining facilities throughout Appalachia and the Illinois Basin.
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