Latest Patriot Coal Corp. (PCXCQ) Headlines
Patriot Coal Corporation Confirms Plan of Reorganization and Emerges from Bankruptcy
PRWeb - Fri Dec 20, 3:26PM CST
Kramer Levin Naftalis & Frankel LLP ("Kramer Levin") has announced that on December 17, 2013 the United States Bankruptcy Court for the Eastern District of Missouri confirmed the Plan of Reorganization of Patriot Coal Corporation and its 100 subsidiaries (the "Company"). The following day, on December 18, 2013, Patriot successfully emerged from Chapter 11 by, among other things, closing an exit financing for $545 million and raising $250 million from the issuance of new notes and warrants to Knighthead Capital Management, LLC and other participating unsecured creditors (case# 12-51502).
Peabody Energy (NYSE: BTU) Confirms Settlement Agreement Effective Following Patriot Coal's Emergence From Bankruptcy
PR Newswire - Wed Dec 18, 4:19PM CST
Peabody Energy (NYSE: BTU) today affirmed that the U.S. Bankruptcy Court for the Eastern District of Missouri has entered an order confirming Patriot Coal's plan of reorganization, and Patriot Coal has announced the successful completion of exit financing and rights offerings allowing the company to emerge from Chapter 11 reorganization. These steps result in the previously announced Settlement Agreement between Peabody, Patriot Coal and the United Mine Workers of America becoming effective.
Patriot Coal Emerges As Well-Capitalized Private Company With Competitive Cost Structure
PR Newswire - Wed Dec 18, 3:16PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced its emergence from Chapter 11 as a reorganized company. The Company exits the 18-month restructuring process with a strong balance sheet, competitive cost structure, and streamlined operating profile focused on market opportunities that create value.
Patriot Coal poised to emerge from bankruptcy
By JIM SUHR - AP - Tue Dec 17, 1:35PM CST
ST. LOUIS (AP) — A federal bankruptcy court has approved Patriot Coal's reorganization plan, clearing the way for it to emerge from 17 months of bankruptcy, the St. Louis-based company said Tuesday as it finished wrapping up its exit financing.
Court Confirms Patriot Coal's Plan Of Reorganization
PR Newswire - Tue Dec 17, 10:02AM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that the U.S. Bankruptcy Court for the Eastern District of Missouri has confirmed the Company's Plan of Reorganization. Patriot will close on its exit financing, complete the rights offerings and emerge from Chapter 11 reorganization on December 18.
Patriot Coal Secures Consents For Conversion Of Credit Facility
PR Newswire - Tue Nov 12, 2:23PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that it has secured the required consents from its lenders to transfer a portion of the Company's current letter of credit facility into a new $201 million letter of credit facility with a five-year term. Additionally, the Company is preparing to commence syndication of a $250 million term loan facility and a $125 million asset-backed revolving loan facility.
Patriot eyes bankruptcy emergence next month
By JIM SUHR - AP - Thu Nov 07, 3:12PM CST
ST. LOUIS (AP) — Patriot Coal Corp. says it's still on pace to emerge from bankruptcy by the end of the year now that a judge has given the company the go-ahead to send its reorganization plan to creditors for a vote.
Patriot Coal Receives Court Authorization To Solicit Creditor Approval For Plan Of Reorganization
PR Newswire - Wed Nov 06, 2:08PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that the Bankruptcy Court for the Eastern District of Missouri has confirmed that the Company's Disclosure Statement contains the information necessary to enable creditors to vote on the Company's Plan of Reorganization. Following today's ruling, Patriot will immediately commence the process to solicit votes on its Plan of Reorganization as outlined in filings with the bankruptcy court.
Patriot Coal Provides Statement On MSHA Pattern Of Violations Finding
PR Newswire - Thu Oct 24, 5:50PM CDT
The U.S. Mine, Safety and Health Administration (MSHA) today notified Patriot Coal Corporation (OTC: PCXCQ) that a Pattern of Violations (POV) exists at the Brody No. 1 mine, located in Boone County, West Virginia.
1 Critical Bankruptcy in the Coal Market is Finally Resolving
Reuben Brewer, The Motley Fool - Motley Fool - Mon Oct 14, 2:33PM CDT
Patriot Coal (PCXCQ) is using bankruptcy protection to get its house in order. Now that it's getting ready to exit that protective cushion, its competitors and partners are breathing a little easier. Here's why you should, too. The origin of a...
Peabody reaches deal over Patriot retiree benefits
By JIM SUHR - AP - Thu Oct 10, 4:16PM CDT
ST. LOUIS (AP) — Coal producer Peabody Energy Corp. will pay hundreds of millions of dollars to settle a drawn-out legal dispute over health care benefits for thousands of retirees who worked for bankrupt Peabody spinoff Patriot Coal Corp, the companies announced Thursday.
Arch Coal Acquires Metallurgical Coal Reserves Adjacent to Leer Mine, Settles Potential Legal Dispute with Patriot Coal
PR Newswire - Thu Oct 10, 5:59AM CDT
Arch Coal, Inc. ("Arch") (NYSE: ACI) today announced that it has entered into an agreement to acquire the Guffy property from Patriot Coal Corporation ("Patriot") for $16 million in cash. The Guffy reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, and are of comparable quality to Leer's high-volatile "A" metallurgical coal reserves. The addition of the Guffy reserves will enable Arch to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by nearly three years.
Peabody Energy (NYSE: BTU) Reaches Comprehensive Agreement With Patriot Coal And United Mine Workers Of America
PR Newswire - Wed Oct 09, 11:13PM CDT
Peabody Energy (NYSE: BTU) today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy.
Patriot Coal Secures Financial Sponsor And Reaches Key Funding Settlements; Plans Emergence From Bankruptcy By Year-End
PR Newswire - Wed Oct 09, 10:55PM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that it has achieved several major milestones toward successful emergence from bankruptcy, which the Company detailed in a Disclosure Statement and an amended Plan of Reorganization (the Plan) filed today with the U.S. Bankruptcy Court for the Eastern District of Missouri.
Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100
M2 - Wed Oct 09, 6:44AM CDT
Research and Markets (http://www.researchandmarkets.com/research/4wntk8/coal_mining) has announced the addition of Plunkett Research Ltd's new report "Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100" to their offering. 'Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100' contains vital industry-specific data including metrics, benchmarks, historic numbers, growth rates and forecasts that will save countless hours of research. Core Benefits to Customer: - Comprehensive overview of an industry's financial results, ratios, vital statistics and metrics in one package - Complete benchmarking of the industry and its top companies - Deep industry and company financials Report Features: - Historical data - Revenue forecasts, growth rates and CAGR - Operating ratios - Complete data for benchmarking a company to its industry and to specific leading companies - Benchmarking this industry to all U.S. industries - Deep profiles and financial histories/operating ratios for up to ten top U.S.-based companies - Pages: 58 Statistical Tables Provided: 33 Charts Provided: 21 Geographic: US Who Should Buy This Report: - Analysis and Financial Modeling - Investment Professionals - Lenders - M&A Advisors - Appraisers - Consultants Companies Mentioned - Alliance Resource Partners LP - Alpha Natural Resources Inc - Arch Coal Inc - CONSOL Energy Inc - Cloud Peak Energy Inc - Drummond Company Inc - James River Coal Company - Oxbow Corporation - Patriot Coal Corporation - Peabody Energy Corp For more information visit http://www.researchandmarkets.com/research/4w...oal_mining Source: Plunkett Research Ltd About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Patriot Coal Announces Award-Winning Results In 2013 Biennial National Mine Rescue Contest
PR Newswire - Wed Sep 18, 3:00PM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that its mine rescue teams once again achieved outstanding results at the National Mine Rescue Contest sponsored by the U.S. Department of Labor. The competition included 87 teams from across the country.
Statement Of Peabody Energy (NYSE: BTU) Regarding Patriot Coal Counterclaim
PR Newswire - Fri Sep 13, 2:15PM CDT
Peabody today asked the bankruptcy court to confirm the termination of our contractual obligation to fund certain of Patriot Coal's retiree healthcare benefits.
Patriot Coal Director of Safety Compliance, G. Frank Foster, Inducted Into Coal Mine Rescue Hall of Fame
PR Newswire - Fri Sep 13, 8:00AM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that G. Frank Foster has been inducted into the Coal Mine Rescue Hall of Fame. The induction ceremony took place in Columbus, Ohio during the banquet recognizing the winners of the 2013 biennial national mine rescue competition. The Hall of Fame was established by the Mine Safety and Health Administration to honor individuals with exceptional accomplishments in the field of mine rescue.
Patriot Coal Corporation Confirms Plan of Reorganization and Emerges from Bankruptcy
PRWeb - Fri Dec 20, 3:26PM CST
Kramer Levin Naftalis & Frankel LLP ("Kramer Levin") has announced that on December 17, 2013 the United States Bankruptcy Court for the Eastern District of Missouri confirmed the Plan of Reorganization of Patriot Coal Corporation and its 100 subsidiaries (the "Company"). The following day, on December 18, 2013, Patriot successfully emerged from Chapter 11 by, among other things, closing an exit financing for $545 million and raising $250 million from the issuance of new notes and warrants to Knighthead Capital Management, LLC and other participating unsecured creditors (case# 12-51502).
Peabody Energy (NYSE: BTU) Confirms Settlement Agreement Effective Following Patriot Coal's Emergence From Bankruptcy
PR Newswire - Wed Dec 18, 4:19PM CST
Peabody Energy (NYSE: BTU) today affirmed that the U.S. Bankruptcy Court for the Eastern District of Missouri has entered an order confirming Patriot Coal's plan of reorganization, and Patriot Coal has announced the successful completion of exit financing and rights offerings allowing the company to emerge from Chapter 11 reorganization. These steps result in the previously announced Settlement Agreement between Peabody, Patriot Coal and the United Mine Workers of America becoming effective.
Patriot Coal Emerges As Well-Capitalized Private Company With Competitive Cost Structure
PR Newswire - Wed Dec 18, 3:16PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced its emergence from Chapter 11 as a reorganized company. The Company exits the 18-month restructuring process with a strong balance sheet, competitive cost structure, and streamlined operating profile focused on market opportunities that create value.
Patriot Coal poised to emerge from bankruptcy
By JIM SUHR - AP - Tue Dec 17, 1:35PM CST
ST. LOUIS (AP) — A federal bankruptcy court has approved Patriot Coal's reorganization plan, clearing the way for it to emerge from 17 months of bankruptcy, the St. Louis-based company said Tuesday as it finished wrapping up its exit financing.
Court Confirms Patriot Coal's Plan Of Reorganization
PR Newswire - Tue Dec 17, 10:02AM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that the U.S. Bankruptcy Court for the Eastern District of Missouri has confirmed the Company's Plan of Reorganization. Patriot will close on its exit financing, complete the rights offerings and emerge from Chapter 11 reorganization on December 18.
Patriot Coal Secures Consents For Conversion Of Credit Facility
PR Newswire - Tue Nov 12, 2:23PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that it has secured the required consents from its lenders to transfer a portion of the Company's current letter of credit facility into a new $201 million letter of credit facility with a five-year term. Additionally, the Company is preparing to commence syndication of a $250 million term loan facility and a $125 million asset-backed revolving loan facility.
Patriot eyes bankruptcy emergence next month
By JIM SUHR - AP - Thu Nov 07, 3:12PM CST
ST. LOUIS (AP) — Patriot Coal Corp. says it's still on pace to emerge from bankruptcy by the end of the year now that a judge has given the company the go-ahead to send its reorganization plan to creditors for a vote.
Patriot Coal Receives Court Authorization To Solicit Creditor Approval For Plan Of Reorganization
PR Newswire - Wed Nov 06, 2:08PM CST
Patriot Coal Corporation (OTC: PCXCQ) today announced that the Bankruptcy Court for the Eastern District of Missouri has confirmed that the Company's Disclosure Statement contains the information necessary to enable creditors to vote on the Company's Plan of Reorganization. Following today's ruling, Patriot will immediately commence the process to solicit votes on its Plan of Reorganization as outlined in filings with the bankruptcy court.
Patriot Coal Provides Statement On MSHA Pattern Of Violations Finding
PR Newswire - Thu Oct 24, 5:50PM CDT
The U.S. Mine, Safety and Health Administration (MSHA) today notified Patriot Coal Corporation (OTC: PCXCQ) that a Pattern of Violations (POV) exists at the Brody No. 1 mine, located in Boone County, West Virginia.
1 Critical Bankruptcy in the Coal Market is Finally Resolving
Reuben Brewer, The Motley Fool - Motley Fool - Mon Oct 14, 2:33PM CDT
Patriot Coal (PCXCQ) is using bankruptcy protection to get its house in order. Now that it's getting ready to exit that protective cushion, its competitors and partners are breathing a little easier. Here's why you should, too. The origin of a...
Peabody reaches deal over Patriot retiree benefits
By JIM SUHR - AP - Thu Oct 10, 4:16PM CDT
ST. LOUIS (AP) — Coal producer Peabody Energy Corp. will pay hundreds of millions of dollars to settle a drawn-out legal dispute over health care benefits for thousands of retirees who worked for bankrupt Peabody spinoff Patriot Coal Corp, the companies announced Thursday.
Arch Coal Acquires Metallurgical Coal Reserves Adjacent to Leer Mine, Settles Potential Legal Dispute with Patriot Coal
PR Newswire - Thu Oct 10, 5:59AM CDT
Arch Coal, Inc. ("Arch") (NYSE: ACI) today announced that it has entered into an agreement to acquire the Guffy property from Patriot Coal Corporation ("Patriot") for $16 million in cash. The Guffy reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, and are of comparable quality to Leer's high-volatile "A" metallurgical coal reserves. The addition of the Guffy reserves will enable Arch to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by nearly three years.
Peabody Energy (NYSE: BTU) Reaches Comprehensive Agreement With Patriot Coal And United Mine Workers Of America
PR Newswire - Wed Oct 09, 11:13PM CDT
Peabody Energy (NYSE: BTU) today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy.
Patriot Coal Secures Financial Sponsor And Reaches Key Funding Settlements; Plans Emergence From Bankruptcy By Year-End
PR Newswire - Wed Oct 09, 10:55PM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that it has achieved several major milestones toward successful emergence from bankruptcy, which the Company detailed in a Disclosure Statement and an amended Plan of Reorganization (the Plan) filed today with the U.S. Bankruptcy Court for the Eastern District of Missouri.
Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100
M2 - Wed Oct 09, 6:44AM CDT
Research and Markets (http://www.researchandmarkets.com/research/4wntk8/coal_mining) has announced the addition of Plunkett Research Ltd's new report "Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100" to their offering. 'Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100' contains vital industry-specific data including metrics, benchmarks, historic numbers, growth rates and forecasts that will save countless hours of research. Core Benefits to Customer: - Comprehensive overview of an industry's financial results, ratios, vital statistics and metrics in one package - Complete benchmarking of the industry and its top companies - Deep industry and company financials Report Features: - Historical data - Revenue forecasts, growth rates and CAGR - Operating ratios - Complete data for benchmarking a company to its industry and to specific leading companies - Benchmarking this industry to all U.S. industries - Deep profiles and financial histories/operating ratios for up to ten top U.S.-based companies - Pages: 58 Statistical Tables Provided: 33 Charts Provided: 21 Geographic: US Who Should Buy This Report: - Analysis and Financial Modeling - Investment Professionals - Lenders - M&A Advisors - Appraisers - Consultants Companies Mentioned - Alliance Resource Partners LP - Alpha Natural Resources Inc - Arch Coal Inc - CONSOL Energy Inc - Cloud Peak Energy Inc - Drummond Company Inc - James River Coal Company - Oxbow Corporation - Patriot Coal Corporation - Peabody Energy Corp For more information visit http://www.researchandmarkets.com/research/4w...oal_mining Source: Plunkett Research Ltd About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Patriot Coal Announces Award-Winning Results In 2013 Biennial National Mine Rescue Contest
PR Newswire - Wed Sep 18, 3:00PM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that its mine rescue teams once again achieved outstanding results at the National Mine Rescue Contest sponsored by the U.S. Department of Labor. The competition included 87 teams from across the country.
Statement Of Peabody Energy (NYSE: BTU) Regarding Patriot Coal Counterclaim
PR Newswire - Fri Sep 13, 2:15PM CDT
Peabody today asked the bankruptcy court to confirm the termination of our contractual obligation to fund certain of Patriot Coal's retiree healthcare benefits.
Patriot Coal Director of Safety Compliance, G. Frank Foster, Inducted Into Coal Mine Rescue Hall of Fame
PR Newswire - Fri Sep 13, 8:00AM CDT
Patriot Coal Corporation (OTC: PCXCQ) today announced that G. Frank Foster has been inducted into the Coal Mine Rescue Hall of Fame. The induction ceremony took place in Columbus, Ohio during the banquet recognizing the winners of the 2013 biennial national mine rescue competition. The Hall of Fame was established by the Mine Safety and Health Administration to honor individuals with exceptional accomplishments in the field of mine rescue.
