Peabody Says It May Need to File Bankruptcy Amid Coal Rout

Updated on
  • Coal miner skipped $71 million of coupon payments on Tuesday
  • Peabody lender had been pressing for in-court restructuring

Peabody Energy Corp., the largest U.S. coal miner, said it may not be financially strong enough to remain in business in its current form and that the company may seek bankruptcy protection.

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