13
Sep
20:12
Court approves Arch Coal bankruptcy plan
US metallurgical and thermal coal supplier Arch Coal’s plan for emerging from chapter 11 bankruptcy has been confirmed by a US district court, Kallanish reports.
Arch Coal’s plan will ultimately eliminate $4.7 billion in debt from the company’s balance sheet via settlements with its various creditors and lenders. The company hopes to exit the chapter 11 restructuring process by early October.
"We will emerge as a strong, well-positioned…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous