LEARN MORE ABOUT OUR RESTRUCTURING PROCESS

On December 3, 2020, in connection with the challenging market conditions and other impacts on the coal mining business from COVID-19, Millennium's parent company, Lighthouse Resources Inc. ("Lighthouse" or the "Company") announced that Lighthouse and substantially all of its direct and indirect subsidiaries, including Millennium Bulk Terminals-Longview, LLC, have filed voluntary petitions for a court-supervised restructuring process under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Court"). 

Upon approval by the Court, cash-on-hand and cash generated from the Company's ongoing operations will be used to support the business during the court-supervised process.  Millennium operations will continue without reduction, while interested parties will have the opportunity to acquire Millennium's rights under the court supervised process.  The company has already received a high level of interest from prospective purchasers.

This court-supervised process allows Millennium to continue serving customers in the ordinary course and time to consider proposals for the best path forward.

 

Additional Information:

Court filings and other information related to the court-supervised proceedings are available at a website administered by the Company's claims agent, Stretto at:

https://cases.stretto.com/lighthouseresources

Inquiries:

Contact Stretto at 1-855-622-9227 (USA) and 1-949-266-6321 (International)

Press Release