Company: Mohegan Energy Trustees
Industry: Mining
Transaction: $100,000,000 Debt Facility
Investor: Orion Energy Partners
RMG’s Role: Sole Adviser to Mohegan Energy Trustees
Mohegan Energy Trustees, LLC (“Mohegan”), is a newly formed, private company that responsibly and efficiently operates a low vol metallurgical coal operation in West Virginia. Following its acquisition of Cornerstone, Mohegan is focused on ramping-up production, lowering costs, and improving existing infrastructure. Mohegan, through its wholly owned subsidiary Cornerstone Minerals, LLC (“Cornerstone”), used the facility to fund the acquisition of a low vol metallurgical coal operation and related equipment in West Virginia from Met Resources, LLC.