Peabody secures $1.5 billion in financing to exit Chapter 11 - Reute...

Peabody secures $1.5 billion in financing to exit Chapter 11
Reuters
The company expects to exit Chapter 11 in the second quarter of this year with a plan, supported by most of its creditors, to cut more than $5 billion of debt and raise new capital through a $750 million private placement and a $750 million rights ...

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