Arch Coal Cancels Exchange Offer, Edges Closer To Bankruptcy |
| October 28, 2015 | October 2015 Bond Updates |
|
Arch Coal has canceled a proposed debt exchange that junior lenders argued was the best option for keeping the deeply distressed miner out of bankruptcy court. The company announced on Tuesday that it will continue to “negotiate a balance sheet restructuring with investors,” after failing to generate enough support amid a dispute between the lender groups. |
| View more at: http://www.forbes.com/sites/spleverage/2015/10/27/arch-coal-cancels-exchange-offer-edges-closer-to-bankruptcy/ |
| Related News |
|