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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