Kramer Levin Selected as Counsel to Unsecured Creditors’ Committee of Arch Coal Inc.

Kramer Levin is pleased to announce that the firm has been selected as counsel to the official committee of unsecured creditors of Arch Coal Inc., the second-largest holder of coal reserves in the United States. In an effort to address liquidity issues and unable to resolve certain intercreditor disputes prior to filing, on January 11, 2016, the company sought Chapter 11 protection in the Eastern District of Missouri, listing approximately $5 billion of debt on its balance sheet. The seven-member committee consists of Kinder Morgan Inc., UMB Bank NA, GSO Capital Partners, Nelson Brothers, Bennett Management Corp., Wyoming Machinery, and Pension Benefit Guaranty Corp.

The Kramer Levin restructuring team is led by partner Thomas Moers Mayer.