03
Jan
18:50
Peabody submits reorganisation plan to Missouri court
Bankrupt US-based metallurgical and thermal coal supplier Peabody Energy has submitted its reorganisation plan to a bankruptcy court in Missouri for approval, Kallanish reports.
The plan’s key tenets include “… a new, sustainable capital structure that significantly reduces the pre-filing debt levels by more than $5 billion” and new stock offerings “… to satisfy certain creditor claims,” the company says in a statement…
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Anonymous
Very good overview of the weekly steel market.
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