The agreement calls for Lehman to supply funds sufficient to satisfy in full the claims of Moonlight Basin's administrative creditors and provide a recovery for Moonlight Basin's unsecured creditors.
"This agreement further ensures Moonlight will remain financially stable, with continued long-term operations," Moonlight CEO Russ McElyea said in a prepared statement. "This agreement will deliver a positive outcome for our employees, vendors, guests, and for the community as a whole."
