COMPANY ACTIVITY

Peabody clinches creditors' approval for reorganisation

PEABODY Energy has reached an agreement with the unsecured creditors' committee to support the company's proposed plan of reorganisation as part of its emergence from Chapter 11 bankruptcy protection.

Lou Caruana
Peabody clinches creditors' approval for reorganisation

The agreement builds on momentum regarding the company's proposed plan, which received substantial support in recent weeks by holders of first lien debt, second lien notes and senior unsecured notes, according...

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