Cloud Peak Files for Chapter 11, Ankura to Agent DIP Financing

Coal company Cloud Peak Energy filed voluntary petitions under Chapter 11. Ankura Trust will serve as both administrative and collateral agent on DIP facilities to support the company through the bankruptcy process.

PNC Downsizes Cloud Peak Energy’s Credit Facility

Cloud Peak Energy amended its credit agreement with a bank group led by PNC as administrative agent, reducing the capacity of the facility to $150 million from $400 million.

PNC Downsizes Cloud Peak Facility to $400MM

Cloud Peak Energy amended its credit agreement with PNC Bank, reducing the maximum borrowing amount for $400 million.

PNC Agents Cloud Peak Energy $500MM Revolver

Cloud Peak Energy announced it completed a refinancing of its $500 million revolver. PNC Bank acted as administrative agent.

Morgan Stanley, Others Amend Cloud Peak Energy Revolver

Cloud Peak Energy announced it entered into a commitment letter with Morgan Stanley, PNC, Wells Fargo, JPMorgan Chase, Credit Suisse AG-Cayman Islands, Goldman Sachs, Royal Bank of Canada, and Credit Agricole Corporate and Investment Bank.