Patriot Coal May File Bankruptcy as Soon as Monday
09 Juli 2012 - 10:40PM
Dow Jones News
Patriot Coal Corp. (PCX) has prepared financing in advance of a
bankruptcy filing that might come as soon as today, Bloomberg News
reported Monday citing two people with knowledge of the matter.
Citigroup Inc. (C), Barclays PLC (BCS) and Bank of America Corp.
(BAC) will provide the debtor-in-possession financing, the people
told Bloomberg.
Patriot, Citigroup, Barclays and Bank of America didn't
immediately return phone calls from Bloomberg seeking comment.
The stock for the U.S. fuel producer was down 69% minutes before
the close.
Full story at
http://www.bloomberg.com/news/2012-07-09/patriot-said-to-get-funding-ahead-of-pos
ible-bankruptcy.html
Write to nymonitoring@dowjones.com
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