Sands Anderson Report on Creditors Committee formation in Alpha Natural Resources Chapter 11
An Official Committee of Unsecured Creditors ("the Committee") was appointed on Wednesday, August 12, 2015 in the Chapter 11 case of Alpha Natural Resources, Inc. ("ANR"). ANR's bankruptcy case was filed on August 3, 2015 in the United States Bankruptcy Court for the Eastern District of Virginia, Richmond Division.
After interviewing those representatives of unsecured creditors who appeared in Richmond on Wednesday and expressed an interest in serving, the United States Trustee appointed the following creditors to serve on the Committee:
CB Mining, Inc.
Pension Benefit Guaranty Corporation
MUFG Union Bank, N.A., as Indenture Trustee
United Mine Workers of America
Nelson Brothers, LLC
United Mine Workers of America 1974 Pension Plan and Trust
Computershare Trust Company, N.A. and Computershare Trust Company of Canada, proposed successor to Wilmington Trust Company, as Indenture Trustee.
Once constituted, the Committee selected the law firm of Milbank Tweed Hadley & McCloy as its counsel.
The appointments to the Committee include representatives of ANR's bondholders, labor and trade creditors. It is possible that other committees may be formed on either an official or ad hoc basis to represent additional interest groups, such as ANR's equity security holders or its retirees.
