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Patriot Coal Fields Pitches From Restructuring Advisers -Report

DOW JONES NEWSWIRES Patriot Coal Corp. (PCX) has fielded formal pitches from restructuring advisers in the event the company can't satisfy its near-term financing needs, Debtwire reported. The report, which cited three unnamed sources familiar with the matter, said the pitches involved Centerview Partners LLC and Blackstone Group L.P. (BX) and were organized by law firm Davis Polk & Wardwell LLP on Patriot's behalf. A Patriot representative wasn't immediately available for comment. Last week, Patriot lowered its sales volume outlook for metallurgical coal for the rest of the year, citing the potential default of a key customer. Two ratings firms soon after downgraded the company's credit ratings. Patriot's already battered shares plummeted 29% in heavy trading to $2.39, dragging down a handful of coal producers' stocks, as well. Arch Coal Inc. (ACI) slipped 8% to $7.10, while Alpha Natural Resources Inc. (ANR) slid 4.3% to $11.17 and Peabody Energy Corp. (BTU) fell 3.5% to $23.77. Full story: www.debtwire.com -By Dow Jones Newswires; 212-416-2356

Stock News for Peabody (BTU)
DateTimeHeadline
07/02/201517:07:46Current Report Filing (8-k)
07/02/201514:48:00BTU SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP...
07/02/201511:28:00Stull, Stull & Brody Announces Continuing Investigation of Claims...
07/02/201511:04:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
07/01/201517:13:00Peabody Energy Appoints Amy Schwetz to Executive Vice President...
07/01/201506:17:59Current Report Filing (8-k)
06/30/201517:53:00Peabody Energy Provides Update On Second Quarter 2015 Financial...
06/26/201506:28:03The 5 Best and Worst Stocks of 2015
06/24/201515:14:02Here's Why Peabody Energy Corporation's Stock Is Slumping Today
06/24/201513:37:11Annual Report of Employee Stock Plans (11-k)
06/24/201513:28:49Annual Report of Employee Stock Plans (11-k)
06/24/201513:26:50Annual Report of Employee Stock Plans (11-k)
06/24/201507:28:00Columbia Pipeline to Join the S&P 500; Other Changes to S&P MidCap...
06/08/201512:38:00Peabody Energy Announces Leaner Corporate Structure With Planned...
06/03/201517:22:20Peabody Energy Joins Ranks of Coking Coal Miners Cutting Back
06/03/201514:02:00Peabody Energy Reduces Production By 1.5 Million Tons Per Year...
06/01/201507:44:54Current Report Filing (8-k)
05/29/201515:49:35Current Report Filing (8-k)
05/23/201507:00:03Why These 3 Energy Stocks Plunged 10% This Week
05/19/201507:19:02Even the Church Hates Coal, but Does That Make It Evil?

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