Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

Stato
Chiusa ad ulteriori risposte.
Peabody Energy gets OK for $800M bankruptcy financing
May 17 2016, 17:27 ET | By: Carl Surran, SA News Editor
mail_icon.png



Peabody Energy (BTU) says it has obtained final bankruptcy court approval for an $800M financing package after lenders made concessions to appease creditors.

BTU says final approval ensures that it can continue normal operations while it works through debt levels it cannot support given the declines in coal demand and prices; as of the end of 2015, BTU carried assets worth ~$11B and liabilities of more than $10B.

BTU’s bankruptcy financing includes a $500M term loan, $200M earmarked to cover environmental obligations and a $100M letter of credit.
 
Stato
Chiusa ad ulteriori risposte.

Users who are viewing this thread

Back
Alto