American Commercial Lines Inc.

Case No. 20-30982


Case Background

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 be held on March 5, 2020 at 2:00pm (CT). 

Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders

Plan & Disclosure Statement

On February 7, 2020, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. The Bankruptcy Court will hold a combined hearing to consider approval of the Disclosure Statement and Plan Confirmation hearing on March 20, 2020.


Dates

February 7 2020 Petition Date _ Voluntary Peti... Add to Calendar
March 5 2020 HEARING CANCELLED: Final Hearing on Certain First Day Motions 2:00pm (CT) Notice of Canc... Add to Calendar
March 20 2020 Combined Hearing Disclosure Statement and Plan Confirmation 8:30am (CT) Plan & Disclos... Add to Calendar
+ SHOW ALL DATES
February 7 2020 _
February 10 2020 3:30pm (CT)
March 5 2020 2:00pm (CT)
HEARING CANCELLED: Final Hearing on Certain First Day Motions Notice of Cancellation of Hearing. Filed by American Commercial Lines Inc. Add to Calendar
March 20 2020 8:30am (CT)
Combined Hearing Disclosure Statement and Plan Confirmation Plan & Disclosure Statement Add to Calendar

Parties

Debtors' Counsel

  • Milbank LLP

    55 Hudson Yards
    New York, NY   10001
    https://www.milbank.com/
    Phone: 212.530.5000
    Fax: 212.530.5219

    Dennis F. Dunne
    Samuel A. Khalil
    Parker J. Milender

  • Porter Hedges LLP

    1000 Main Street, 36th Floor
    Houston, TX   77002
    https://www.porterhedges.com/
    Phone: 713.226.6000
    Fax: 713.226.6248

    John F. Higgins
    Eric M. English

Debtors' Restructuring Advisors

United States Trustee and Court Information

Debtors

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