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Diana Best is Senior Coal Campaigner at Greenpeace.
Wednesday, January 13, 2016
Another One Bites the Dust: Arch Coal Declares Bankruptcy
Arch Coal had a sizable debt payment due in December, but opted to defer payment to mid-January in a desperate attempt to buy itself more time with debt-holders. The company worked out deal with some of its priority bondholders (folks who own almost $2 billion of Arch debt) which included a formal...