Peabody gets court approval to pursue reorganization, exit Chapter 1...

Peabody gets court approval to pursue reorganization, exit Chapter 11
Seeking Alpha
BTU expects the planned new equity investments - the fully backstopped $750M rights offering and $750M private placement of mandatorily convertible preferred stock - and committed exit debt financing will provide the funding for an exit from Chapter 11.
Peabody gets US court approval to pursue reorganizationReuters

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