Christian County's Only Daily | Subscriptions | Username & Password Reminder | Change Password
Breeze Courier | Taylorville, IL
weather sponsored by
A Classic Bouquet




Advanced Search
search sponsored by


LOGIN | SUBSCRIBE




KMRM

home : news : state news free April 25, 2015

   
12/17/2013 2:16:00 PM
Patriot Coal poised to emerge from bankruptcy

ST. LOUIS (AP) — Patriot Coal Corp. says it is finalizing its financing and will emerge Wednesday from bankruptcy now that a federal bankruptcy court has approved its reorganization plan.

The St. Louis-based company’s president and CEO, Bennett Hatfield, says Patriot is looking forward to a new beginning as a well-capitalized company.

Patriot previously has said it lined up $586 million in financing from Barclays and Deutsche Bank. That’s after the company already obtained a $250 million infusion through a rights offering backstopped by Knighthead Capital Management LLC.

Key to Patriot’s push to exit the Chapter 11 bankruptcy it filed for in July of last year was its recent settlement with former corporate parent Peabody Energy Corp. of months of legal wrangling over retiree health benefits.


Anderson Jewelers




Article Comment Submission Form
Please feel free to submit your comments.

If you are looking for the SPEAK OUT submission form, you can find it by clicking here: Speak Out Form


Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

NOTE: All information on this form is required. Your telephone number and email address will not be displayed or shared.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   










Trinity Dodge Fixed
A Classic Bouquet

NewsWebPagesOpinionPeopleObituariesAg & BusinessSports
Christian County's Only Daily | Subscriptions | Username & Password Reminder | Change Password | Life

Breeze-Courier & Printing | 212 S Main St. Taylorville, IL 62568 | (217) 824-2233 |
website@breezecourier.com

© Copyright 2014 Breeze-Courier & Printing. All Rights Reserved.
Original content may not be reprinted or distributed without the written permission of Breeze-Courier & Printing.

Software © 1998-2015 1up! Software, All Rights Reserved