Schulte advised Murray Energy Corporation and its affiliates as buyers in the Chapter 11 case of Armstrong Energy Inc. Part of a restructuring plan, the acquisition contemplates the formation of a new company with Armstrong's existing secured bondholders. Pending  approval by the bankruptcy court, the new company will produce low-chlorine, high-sulfur thermal coal and manages coal preparation and shipment facilities.

The Schulte team representing Murray Energy and its affiliates is led by business reorganization partner David Hillman and M&A and securities associate Andrew Fadale. The team also includes tax partner Dan Kusnetz, intellectual property, sourcing & technology partner Robert Kiesel, M&A and securities associate Lowell Dyer and business reorganization associate Caroline Gange.