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Case 1:20-bk-12043 Doc 281-1 Filed 08/26/20 Entered 08/26/20 10:01:13 Desc <br />Exhibit A Publications Page 35 of 35 <br />Rhino will market assets in separate groups o5 Aug 20, 22:08 - Coal Steam coal Coking <br />coal Corporate Politics Legal <br />Houston, 5 August (Argus) — US coal producer Rhino Resource Partners will market its mines both <br />individually and as a group, as it tries to attract buyers ahead of a planned 25 August auction. <br />Rhino, which filed for Chapter 11 bankruptcy court protection on 22 July in the US Bankruptcy Court for <br />the Southern District of Ohio, has five mining complexes in Appalachia and Utah up for sale. <br />Rhino will offer buyers packages involving all of its assets; its West Virginia and Kentucky operations <br />together; or its mining complexes in Utah, Ohio and Virginia as separate sales. The company also is <br />offering a collection of idled assets that can be purchased separately. <br />With the company's assets spread across multiple states, it makes sense for Rhino to market them in <br />separate groups, said Emily Medine, a principal at consultancy Energy Ventures Analysis, which is <br />assisting Rhino with its Chapter 11 sale process. A possible buyer in Appalachia, for example, may be <br />interested in the Kentucky and West Virginia mines, but not the one in Utah, Medine said. <br />The stalking horse bidder for Rhino's assets, Pledge Servicing Partners, is offering to take on $40mn of <br />Rhino's debt plus certain other assumed liabilities to purchase all of the company. <br />"The (bid agreement) itself has one number, but there is an underlying presumption of value for each <br />group," Medine said. <br />The values, she said, are not publicly available. <br />Under the proposed deadline, parties other than the stalking horse bidder would have until 4pm ET on <br />19 August to submit bids for Rhino's assets. <br />By Nick Georgiou <br />