Cloud Peak Energy Inc. , today announced that, following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Navajo Transitional Energy Company, LLC has been named the winning bidder to acquire substantially all of Cloud Peak Energy’s assets, including the Company’s Spring Creek, Cordero Rojo and [...]
Cloud Peak Energy Inc. announced today that it has hired close to 60 former Blackjewel employees. These new hires will start at the Cordero Rojo and Antelope mines beginning Tuesday, July 16. After the unexpected Blackjewel layoffs last week, Cloud Peak Energy began working closely with Wyoming Workforce Services to recruit Blackjewel employees who [...]
Cloud Peak Energy Inc. announces the extension of its previously announced tender offer providing the opportunity for the holders of record as of May 17, 2019 of the Second Lien Senior Secured Notes due 2021 issued by Cloud Peak Energy Inc. Resources LLC and Cloud Peak Energy Inc. Finance Corp. to participate as a lender in its $35.0 million [...]
Cloud Peak Energy Inc. , the only pure-play Powder River Basin coal company, announced today that the Company has received interim approvals from the U.S. Bankruptcy Court for the District of Delaware for all the “First Day” motions related to the voluntary Chapter 11 petitions filed on May 10, 2019. Colin Marshall, President and Chief [...]
Cloud Peak Energy Inc. , the only pure-play Powder River Basin coal company, announced today that it has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Cloud Peak Energy intends to continue a marketing process for all of its assets. Cloud Peak [...]
Cloud Peak Energy Inc. announced that on March 26, 2019, the Company was notified by the New York Stock Exchange that the NYSE had determined to commence proceedings to delist the Company’s common stock as a result of the NYSE’s determination that the Company’s common stock was no longer suitable for listing on the NYSE based on [...]
Cloud Peak Energy Inc. , the only pure-play Powder River Basin coal company, today announced that it has retained Centerview Partners LLC as its investment banker, Vinson & Elkins LLP as its legal advisor, and FTI Consulting, Inc. as its financial advisor to assist the Company and its Board of Directors in the Company’s review of capital [...]
Cloud Peak Energy Inc. announced today that its Board of Directors has adopted a Stockholder Rights Plan designed to preserve its substantial federal net operating loss carryforwards and other tax carryforwards, which can be utilized in certain circumstances to offset future U.S. taxable income. As of December 31, 2018, the Company had estimated [...]
Cloud Peak Energy Inc. announced that on December 26, 2018, the Company was notified by the New York Stock Exchange that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE [...]
Cloud Peak Energy Inc. , one of the largest U.S. coal producers and the only pure-play Powder River Basin coal company, today announced that Cloud Peak Energy Resources LLC , a wholly owned subsidiary of Cloud Peak Energy Inc., provided PNC Bank, National Association with notice to terminate the Credit Agreement with PNC Bank, National Association [...]
Cloud Peak Energy Inc. , one of the largest U.S. coal producers and the only pure-play Powder River Basin coal company, today announced that its Board of Directors, working together with the Company’s management team and legal and financial advisors, has commenced a review of strategic alternatives, including a potential sale of the Company [...]
Cloud Peak Energy Inc. , one of the largest U.S. coal producers and the only pure-play Powder River Basin coal company, today announced results for the third quarter and first nine months of 2018. Colin Marshall, President and Chief Executive Officer, commented, “Third quarter shipments from our Antelope Mine were reduced due to significant [...]
