Rhino Resource Partners LP (OTCQB:RHNO) is a diversified energy limited partnership that is focused on coal and energy related assets and activities, including energy infrastructure investments. RHNO produces, processes, and sells various grades of steam and metallurgical coal from underground mines in the U.S. Just like NGL Partners, Rhino Resource is …
(RTTNews) - Rhino Resource Partners LP said it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Ohio. We market our steam coal primarily to electric utility companies as fuel for … According to court documents, the company and its subsidiaries currently employ about 550 workers at underground and surface mines located in Kentucky, Ohio, Virginia, West … In addition, “certain lenders and governmental agencies may also purport to have liens on certain discreet equipment or assets owned by the Debtors, including Komatsu Financial, Caterpillar Financial Services … This allows you to stay logged in to your Reorg account when your browser session ends. Kentucky-based coal company Rhino Resource Partners LP filed for Chapter 11 bankruptcy, joining a growing list of Ohio Valley coal producers seeking financial restructuring as the U.S. coal industry continues to struggle.
Equity: Rhino Resource Partners’ common units were originally listed on the New York Stock Exchange under the symbol RNO but currently trade on the OTC Markets under the symbol RHNO. Registration on or use of this site constitutes acceptance of our A reader asked to look into RHNO stock and asked if it was a buy. We produce, process and sell high quality coal of various steam and metallurgical grades from multiple coal producing basins in the United States. Weekly highlights from Reorg’s latest intel and expert analysis. Registration on or use of this site constitutes acceptance of our (RTTNews) - Rhino Resource Partners LP said it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Ohio.Rhino has obtained $11.75 million of post-petition financing and the support from a stalking horse bidder to acquire the company.Rhino plans to use the bankruptcy process to implement an orderly sale of substantially all of its assets in an effort to maximize value for all stakeholders and allow for the prospect of continued employment and business opportunities at its operating locations.The company has also reached an agreement to obtain a $11.75 million debtor-in-possession loan from its prepetition lenders, which is intended to provide Rhino with liquidity necessary to operate its business while it pursues a value-maximizing transaction through the Chapter 11 process.
Learn more: Rhino Resource Partners (OTCMKTS: RHNO) has crashed from $250 in 2011 to now $0.40! The Company also operates mines in Kentucky, Ohio, West Virginia, and Utah.
Rhino Resource Partners LP Voluntarily Files for Relief under Chapter 11. This site places cookies on your device for user authentication. Rhino Resource Partners LP is a diversified energy limited partnership that is focused on coal and energy related assets and activities, including energy infrastructure investments.
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