White Stallion seeks another exclusivity extension to complete sale

By Sarah Lizee

Olympia, Wash., Aug. 2 – White Stallion Energy, LLC is seeking another 120-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the plan filing period through Nov. 27 and the solicitation period through Jan. 26, 2022.

The company said it is in the middle of an ongoing sale process, which has monopolized the debtors’ time and efforts in recent months.

Before the debtors can propose a potential Chapter 11 plan, the debtors need to complete the sale process, the company said.

“A competing plan at this point in these Chapter 11 cases will only cause unnecessary distractions for the debtors and their professionals, who should be focused on an efficient and value-maximizing sale process, which will lay the foundation for the conclusion of these Chapter 11 cases,” the company said in its motion.

A hearing is scheduled for Aug. 23.

White Stallion Energy is a coal mining company based in Evansville, Ind. The company filed bankruptcy on Dec. 2, 2020 under Chapter 11 case number 20-13037.

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