Akin Gump Advises Warrior Met Coal in Acquisition of Assets from Walter Energy

(New York) – Walter Energy, Inc. has announced the close of the previously-announced sale of substantially all of its core assets, comprising its Alabama coal assets, to Warrior Met Coal, LLC, formerly known as Coal Acquisition LLC, an entity owned by Walter Energy’s first lien creditors.

Akin Gump advised Warrior Met Coal in the transaction, which was effective as of 11:59 pm CDT on March 31.

The Bankruptcy Court for the Northern District of Alabama approved the sale on January 8 pursuant to Section 363 of the Bankruptcy Code and entry into an asset purchase agreement setting forth the terms of the sale transaction, after a court-supervised auction process.

The Akin Gump team advising Warrior Met Coal was led by financial restructuring partner James Savin and included corporate partner Daniel Fisher, corporate senior counsel Allison Miller, financial restructuring partner Lisa Beckerman and financial restructuring counsel Kristine Manoukian.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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