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Molycorp, Inc.

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Case overview

Case Number:

1:15-bk-11357

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. August 26, 2015

    Bankrupt Molycorp To Suspend Operations At Calif. Mine

    Bankrupt Molycorp Inc. said Wednesday that it plans to put its main rare earth mining operation in Mountain Pass, California, into "care and maintenance mode," suspending operations at the facility in part due to the continuing slide in the minerals' prices.

  2. August 17, 2015

    Molycorp Judge Says Potential Miller Buckfire Fee Is Too High

    A Delaware bankruptcy judge told Molycorp Inc. on Monday to go back to the drawing board on the retention application for its investment banker Miller Buckfire & Co. LLC, which drew fire from the unsecured creditors committee for having the potential to get an "outsized" $17 million fee. 

  3. July 22, 2015

    Molycorp Gets Green Light For $135M Oaktree DIP

    A Delaware bankruptcy judge on Wednesday blessed Molycorp Inc.'s choice of a $135 million financing package from secured creditor Oaktree Capital Management LP over a competing package floated by a collection of secured noteholders, finding no basis to trump the rare-earth company's decision.

  4. July 21, 2015

    Molycorp Bondholders Plug $142M DIP Over Oaktree Loan

    Secured noteholders of Molycorp Inc. pressed a Delaware bankruptcy judge Tuesday to reject the rare-earth company's choice of a $135 million financing package from secured creditor Oaktree Capital Management LP, contending that their own $142 million loan offer represented a better deal for the debtor.

  5. July 20, 2015

    Molycorp Pushes For $135M Oaktree DIP In Financing Fight

    Rare-earth company Molycorp Inc. urged a Delaware bankruptcy judge Monday to bless a $135 million debtor-in-possession financing package offered by secured creditor Oaktree Capital Management LP, seeking to overcome opposition from noteholders and unsecured creditors.

  6. July 17, 2015

    Molycorp Creditors Blast Choice Of $135M Oaktree DIP Deal

    Unsecured creditors of Molycorp Inc. on Friday slammed the rare-earth company's plan to accept a $135 million financing facility from secured creditor Oaktree Capital Management LP, claiming the "unfair and unreasonable" deal would hand Oaktree control of the Chapter 11 process.

  7. July 02, 2015

    Molycorp Gets Nod For $22M Interim Loan From Oaktree

    A Delaware bankruptcy judge gave Molycorp Inc. the green light for $22 million in much-needed financing on Thursday, allowing the rare-earth company go with a interim debtor-in-possession loan from secured creditor Oaktree Capital Management LP rather than a competing financing package offered by bondholders.