Bloomberg reported Arch Coal is caught in a dispute with senior lenders that’s thwarting its plan to cut debt costs and avoid the fate of four industry peers that have filed for bankruptcy protection.

Bloomberg said a group of investors that holds the company’s $1.9 billion term loan is seeking to block a proposed debt swap, which would allow Arch Coal to replace its credit line with one that has less restrictive terms.

Bloomberg noted that the company is among a slew of U.S. coal miners that are struggling amid a plunge in prices.

Access the full Bloomberg report here.