Molycorp $1.8 billion Chapter 11 restructuring

Overview:

• Molycorp, a mining and metals company, filed for Chapter 11 bankruptcy protection in July 2015.
• The company had $1.8 billion in liabilities.  
• After the company's reorganization, Oaktree Capital Management (a creditor of Molycorp) received a 92.5% stake in the company.
• Unsecured creditors received the rest of the equity as well as $2 million in cash. 
• The company emerged from bankruptcy in August 2016 and is now known as Neo Performance Materials. 
• Centerview Partners acted as financial adviser to Oaktree. 

Rani Mehta - Journalist