U.S. Bankruptcy Judge Shelley C. Chapman in the U.S. Bankruptcy Court in the Southern District of New York has granted final approval of Patriot Coal Corporation’s $802 million debtor-in-possession (DIP) loan provided by Citigroup, Barclays and Bank of America, a Dow Jones Bankruptcy Review article said.

The company received interim approval of its DIP loan in mid-July. The final approval comes after lawyers, who had issues with the terms of the DIP loan came to agreements with Patriot Coal’s lawyers, the article said.

Patriot Coal Corporation is a producer and marketer of coal products in the eastern U.S.

Previously on abfjournal.com:

Patriot Coal Receives Interim Approval of $802MM DIP Financing, Wednesday, July 11, 2012