Mission Coal Company – Court Approves Bidding Procedure, DIP Lenders’ Credit Bid of $145mn, Auction Date of February 27

December 21, 2018 – The Court hearing the Mission Coal Company case issued an order [Docket No. 490] approving (i) bidding procedures in respect of the sale of the Debtors’ assets and (ii) the proposed $145mn credit bid of the Debtors’ debtor-in-possession (“DIP”) lenders (the “DIP Lenders”). On December 5, 2018, the Court had previously…