Patriot Coal Corporation  (Public, NYSE:)

[lauramsagra]

Dios mio que castañazo casi ni me lo creo, menos malllllll

[OCIN]

¡¡¡¡ATENCIí“N!!!!

Patriota del Carbón ( PCX ), confirma un informe anterior , al anunciar que ha presentado para la protección de bancarrota del Capí­tulo 11.  La compañí­a espera continuar con las operaciones mineras y los enví­os de los clientes de manera ordinaria, ya que pasa a travíés de la reorganización, y ha obtenido un compromiso por US $ 802M en el DIP de financiación.

Acciones -42% AH% despuíés de caer 72% en el perí­odo ordinario de sesiones


Salida el martes a 0,35$

[OCIN]

Con Patriot en la quiebra, los inversores de capital necesita para salir. 
Incluso en el improbable caso de que la empresa hace algún tipo de orden de ofrecer a proporcionar a los accionistas comunes de algo que se aferran a despuíés de que el proceso de bancarrota, no va a ser mucho.  Los bonos pueden ser una oportunidad más interesante, pero aquí­ tambiíén hay un riesgo real de que a largo plazo el valor de las reservas de carbón de los Apalaches se ha visto seriamente afectada, y de manera significativa.  Lo cual está poniendo hincapiíé en la compañí­a que busca a un nuevo camino muy largo, incluso si sus activos en el terreno todaví­a lo hacen por menor valor teórico sustancial.

[Derek Mishleg]

Patriot Coal Receives Court Approval Of $802 Million Of DIP Financing On Interim Basis
Court Also Grants Other Interim Orders to Support Business Mining Operations and Customer Shipments Continuing In Ordinary Course
PR NewswirePress Release: Patriot Coal Corporation – 12 hours ago


ST. LOUIS, July 10, 2012 /PRNewswire/ -- Patriot Coal Corporation, a producer and marketer of coal products in the eastern United States, today announced that the Bankruptcy Court for the Southern District of New York (the "Court") granted Patriot interim approval of its $802 million Debtor-in-Possession financing ("DIP") from Citigroup Global Markets Inc., Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, and granted Patriot interim authorization to access immediately $677 million of the DIP financing. The DIP financing and cash from the Company's ongoing operations will provide Patriot with financial flexibility to operate its business in the ordinary course, including funding post-petition payments to suppliers and meeting other customary business obligations, during the reorganization process.

In addition, the Bankruptcy Court granted interim authorization for Patriot to continue to pay wages and provide health care and other benefits to employees, use existing cash management systems, and take certain other actions to help ensure that Patriot's mining operations and customer shipments continue in the ordinary course.

As previously announced, Patriot Coal and substantially all of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York on July 9, 2012. The case has been assigned to the Honorable Shelley C. Chapman.