American Commercial Lines Inc.
Case No. 20-30982
American Commercial Lines Inc. (together with certain of its affiliates, “the Company” or “ACL”) has reached a Restructuring Support Agreement (the “RSA”) with its lenders on a pre-packaged plan to recapitalize the business, significantly reduce the Company’s debt and materially increase its liquidity. Under the terms of the plan, ACL will receive $200 million in new capital to support liquidity and investments in the business. In addition, the agreement provides for a reduction of funded debt by approximately $1 billion.
To implement the pre-packaged plan, as contemplated by the RSA, ACL voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”) on February 7, 2020.
ACL’s operations are continuing as normal. Upon emergence, ACL will continue to provide customers with competitive and reliable barge transportation services.
ACL’s case has been assigned to the Honorable Marvin Isgur and Case No. 20-30982. The Docket can be accessed at https://cases.primeclerk.com/acl/Home-DocketInfo or through the website maintained by https://ecf.txsb.uscourts.gov.
For additional information about the court-supervised process and resources including press releases and frequently asked questions, please visit aclrecapitalization.com.
Important Information & Dates
First Day Hearing
A hearing on the Debtors' First Day Motions was held on February 10, 2020 at 3:30pm (CT) before the Honorable Marvin Isgur, United States Bankruptcy Court for the District of Southern District of Texas, Houston Division, 515 Rusk Street, Courtroom 404, Houston, TX 77002.
A final hearing on certain First Day Motions was held on March 5, 2020 at 2:00pm (CT).
Please click below to view and download the Debtors' First Day Motions and Orders:
Plan & Disclosure Statement
On February 7, 2020, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. The Bankruptcy Court held a combined hearing to consider approval of the Disclosure Statement and Plan Confirmation hearing on March 20, 2020.
55 Hudson Yards
New York, NY 10001
Dennis F. Dunne
Samuel A. Khalil
Parker J. Milender
Porter Hedges LLP
1000 Main Street, 36th Floor
Houston, TX 77002
John F. Higgins
Eric M. English
Debtors' Restructuring Advisors
Alvarez and Marsal
540 West Madison Street
Chicago, IL 60661
United States Trustee and Court Information
United States Bankruptcy Court, Southern District of Texas
515 Rusk Avenue
Houston, TX 77002
Office of the United States Trustee
515 Rusk Street, Suite 3516
Houston, TX 77002
|Case Number||Debtor Name||Petition Date|
|Case Number 20-30982||Debtor Name American Commercial Lines Inc.||Petition Date February 07, 2020|
|Case Number 20-30986||Debtor Name Finn Holding Corporation||Petition Date February 07, 2020|
|Case Number 20-30989||Debtor Name ACL I Corporation||Petition Date February 07, 2020|
|Case Number 20-30984||Debtor Name Commercial Barge Line Company||Petition Date February 07, 2020|
|Case Number 20-30981||Debtor Name American Commercial Barge Line LLC||Petition Date February 07, 2020|
|Case Number 20-30988||Debtor Name ACBL Oldco, LLC||Petition Date February 07, 2020|
|Case Number 20-30980||Debtor Name ACBL Transportation Services LLC||Petition Date February 07, 2020|
|Case Number 20-30983||Debtor Name ACBL River Operations LLC||Petition Date February 07, 2020|
|Case Number 20-30985||Debtor Name Old JB LLC||Petition Date February 07, 2020|
|Case Number 20-30987||Debtor Name ACL Professional Services Inc.||Petition Date February 07, 2020|
|Case Number 20-30990||Debtor Name American Commercial Lines International LLC||Petition Date February 07, 2020|