White Stallion gets approval of bid procedures for sale of all assets

By Sarah Lizee

Olympia, Wash., June 1 – White Stallion Energy, LLC secured court approval of the bid procedures for the sale of substantially all of its assets, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The assets include, among other things, the debtors’ Friendsville and Antioch mining operations and related assets, and machinery and equipment, as previously reported.

Under the bid procedures, bids are due by June 18, an auction, if needed, will be held on June 23, and a sale hearing will take place on July 1.

White Stallion Energy is a coal mining company based in Evansville, Ind. The company filed bankruptcy on Dec. 2 under Chapter 11 case number 20-13037.

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