Peabody is bankrupt, unsecured notes worth almost nothing
April 14th, 2016
Our client Evan Mann quoted in this article. "Mann didn’t share his upbeat assessment. He is ceasing coverage. Mann pointed out in his final report Wednesday that (as of the end of 2015), Peabody had $6.3 billion of total debt, $249 million of mineral lease obligations and $723 million of unfunded pension liabilities. It also had future environmental remediation liabilities at $1.5 billion. https://lnkd.in/e_NRXhm