Virginia Eastern coverage

Patriot Coal: Second Chapter 11 and 363 Sale to Blackhawk Mining

Patriot Coal filed a second chapter 11 on May 12, 2015, in E.D. Va. (case 15-32450), less than 18 months after its 2013 emergence. Coal market deterioration and $791M in secured debt drove the refiling. The 363 sale to Blackhawk Mining was confirmed October 9, 2015; equity cancelled October 28.

Energy & natural resources

Virginia Eastern coverage

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