Arch Coal Files For Chapter 11 Bankruptcy Amid Declining Demand

11JanJanuary 11, 2016

Arch Coal Files For Chapter 11 Bankruptcy Amid Declining Demand

Arch Coal, one of the biggest coal companies in the U.S., filed for Chapter 11 bankruptcy and reached a $4.5 billion debt deal with lenders. U.S. coal miners are struggling as electric companies shift to using natural gas, which is cheap and relatively clean.

Arch Coal seeks to trim $4.5 billion in debt
Arch Coal

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Author

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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