29-12-2016 19:34 via news.yahoo.com

Peabody extends debt deadline amid creditor support

By Tom Hals WILMINGTON, Del. (Reuters) - Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid growing creditor support for its plan of reorganization. The financing agreements were funded by key creditors that signed on to a plan support agreement with Peabody, although a portion of those deals were reserved for other noteholders if they agreed to back Peabody's plan by Wednesday.
Read more »