Patriot Coal Extends DIP Financing, Sets Disclosure Statement Dates
Patriot Coal announced that its debtor-in-possession financing has been extended to December 31, 2013. Separately, the company filed a notice with the U.S. Bankruptcy Court for the Eastern District of Missouri setting forth relevant dates for approval of its forthcoming disclosure statement, expected to be filed on or before October 2, 2013; the approval hearing is currently scheduled for November 6, 2013.
Patriot Coal is a producer and marketer of coal in the eastern United States, with 11 active mining complexes in Appalachia and the Illinois Basin.
Previously on abfjournal: Reuters: Patriot Bankruptcy Case Moved From NY to St. Louis, November 30, 2012