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WSJ Online ^ | Jan. 11, 2016 7:56 a.m. ET | Peg Brickley
Arch Coal Inc., one of the U.S.'s largest coal producers, filed for chapter 11 bankruptcy protection Monday in a bid to trim $4.5 billion in debt from its balance sheet to counter decreased demand and falling prices for its products. The St. Louis-based company said it had a restructuring agreement with lenders that hold more than 50% of its $1.9 billion in first-lien debt, one that offers some recovery to unsecured creditors. In broad outline, Arch is proposing a debt-for-equity swap that would leave most of the company in the hands of the first-lien lenders, while unsecured creditors owed billions...
Flashback 2008: Obama Promised To 'Bankrupt' Coal ...
dailycaller.com/.../flashback-2008-obama-promised-to-b...
The Daily Caller
Aug 3, 2015 - In 2008, Obama said that under his energy policies would “bankrupt” anyone who wants to build a coal plant.
How many THOUSANDS will be thrown out of work..... Time for you UNION MEN to think about the DemoRATS and their agendas!
Arch Coal Inc., one of the U.S.'s largest coal producers, filed for chapter 11 bankruptcy protection Monday in a bid to trim $4.5 billion in debt from its balance sheet to counter decreased demand and falling prices for its products. The St. Louis-based company said it had a restructuring agreement with lenders that hold more than 50% of its $1.9 billion in first-lien debt, one that offers some recovery to unsecured creditors. In broad outline, Arch is proposing a debt-for-equity swap that would leave most of the company in the hands of the first-lien lenders, while unsecured creditors owed billions...
Flashback 2008: Obama Promised To 'Bankrupt' Coal ...
dailycaller.com/.../flashback-2008-obama-promised-to-b...
The Daily Caller
Aug 3, 2015 - In 2008, Obama said that under his energy policies would “bankrupt” anyone who wants to build a coal plant.
How many THOUSANDS will be thrown out of work..... Time for you UNION MEN to think about the DemoRATS and their agendas!