Peabody Energy

Peabody Energy Corporation (BTU) Warns Of Bankruptcy

Peabody Energy, the largest U.S. coal producer, warned Wednesday that there is substantial doubt about whether it will be able to continue as a going concern after it delayed an interest payment due on Tuesday. Peabody Energy’s disclosure in its regulatory filing comes a day after rival Foresight Energy LP also indicated that it may file for Chapter 11 bankruptcy if it doesn’t reach an out-of-court settlement with its creditors.

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